The 500 euro note is issued by the European Central Bank (ECB) as part of the euro currency system, which was introduced in 2002. It is designed to facilitate large transactions and is primarily used in high-value trades and savings. The note features various security features and artistic elements that represent European culture and architecture. However, due to concerns over money laundering and illicit activities, the ECB decided to stop printing the 500 euro note in 2016, although it remains legal tender.
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