Does Spain Ban Using 50 Euro Notes?
AdvertisementThe Internet erupted with allegations that Spain would end the quality of 50 euros, after spreading the news that their decision was near.
There are days when an article is counted, which says that it will be taken in April and has no income.
In the meantime, the article has been removed, but the possibility of this action is not first panicked, and it negatively affects the bags of thousands of citizens.
However, these statements are incorrect: Spain Bank Confirmed No hints are ordered to be removed, all the references can continue to be used, and nothing loses their value.
The bank explained the appearance of chaos: within its daily activities, it continues to check the reliability and position of the references that the credit companies returned.
Tips and coins that are not in good condition are removed, destroyed and replaced by new ones, while those in good condition are kept again in circulation.
The Spanish Bank pointed out that this is done with all sections, not only with 50 euros, but also stressed that even if a note is damaged, it will not lose its value and exchanging something new.
“One reason to try to keep the notes in the application conditions is because of their safety elements can be easily verified,” the bank said. “Although the notes are prepared for their durability, most of the time as a result of regular use of the passage is worse.”
Eurovarofie contacted Spanish Bank for further comments, but the company was sent to its official report.
Other media Released effectively Message This makes this difference: instead of the total barrier, only a few tips of 50 euros can be taken from circulation, and explain how much aging or damaged tips can be changed.
In Italy, similar reports are in circulation, especially as part of a strategy to fight capital bleaching and terrorist funding, claiming that the European Central Bank (ECP) will ban 50 euros in April.
However, Italian checks have already denied These rumorsIn this regard, the ECP Or the bank of Italy says that no decision has been made.
“The Spanish bank or any other Central Euro Zone has not ordered any notes or coins to be removed,” the ECP Eurovaropi said. “All the euro notes are in circulation with their value.”
Rumors about the removal of notes are part of a wide false information, accordingly European countries are trying to end the money and try to transfer it to Digital Euro.
Some argue that this will provide control of citizens’ money, which allows you to prevent transactions and control costs.
AdvertisementHowever, the ECP and other European central banks have reiterated that any digital currency will fill the money and will not change it.
Changing notes improves a routine and financial security
Experts said that it was completely natural for financial institutions to eliminate old or damaged notes to avoid crime.
“Regular standards and their safety activities are a common practice in all central banks,” said Professor Rainar Bahm of the University of Austria’s Inspecue University. “In the Eurosystem, the old tips are constantly valid payment equipment. There is no need to change the hidden money under the mattress.”
“As far as I know, all commercial banks do this before recharging automatic boxes,” he said. “The sections that are converted with high priority depend on the trends found on counterfeit notes.”
AdvertisementAccording to Michael Levi, a criminal professor at the University of Cardiff in the United Kingdom, the fact that 50 euro standards are very easily affected by handling, which is easy to handle the criminals.
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“In some jurisdiction, it may seem that the references to over 50 euros may be suspicious and difficult to change,” he continued. “The damaged 50 euro notes are difficult to verify whether it is difficult to analyze it with automated machines, or they may be easily worse due to the lifestyle of the perpetrators.”
