Is it possible to exchange a 500 euro bill in Sweden?
Just yesterday I went to a Forex bank branch (as I thought no other bank dealt with cash in Sweden) in an attempt to exchange a few 500 euro bills for kronas. And I could not, and the clerk said that in Sweden it is not possible to exchange 500 euro bills since 2018, and that the only thing to do is to go to a euro zone country (such as Finland). Is it true that in Sweden there is no way to exchange (or change) a 500 euro bill?
Best Answer
As stated, the notes are not very common.
But let me classify that: they're not very common outside of criminal circles. They're mostly now used by criminals for large transactions (drugs, weapons, human trafficking). As a result most banks and almost all other companies reject them out of hand because they don't want to get involved in money laundering schemes. And that's if the employees in question even recognise them as many will never have seen one.
So yes, they are technically still legal tender in some countries but so uncommon that they're effectively useless. And Sweden not being in the Euro zone means they may not even be legal tender there at all, and if banks accept them they'd do it only as a courtesy (and then themselves have trouble getting rid of them).
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Can I exchange 500 euro notes?
\u20ac500 banknotes are no longer issued Similarly, banks, bureaux de change and other commercial parties can keep recirculating the existing \u20ac500 notes. Like all denominations of euro banknotes, the \u20ac500 note will always retain its value and can be exchanged at a national central bank of the euro area at any time.Are 500 euro bills still valid?
Existing \u20ac500 banknotes remains legal tender and will always retain its value.What are 500 euro notes worth?
It is one of the highest-value circulating banknotes in the world, worth around 545 USD, 3,455 CNY, 67,570 JPY, 508 CHF or 417 GBP as of April 2022.Where can I break a 500 euro note?
Euro. You have one or more high denomination banknotes (\u20ac500, \u20ac200 or \u20ac100) and you would like to exchange them for lower denominations: you can call in at a Banque de France cash centre open to the public.500 Euro Banknote in depth review
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