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[–] 12 points 7 months ago (6 children)

Sounds similar to the 200 euro note. Though I did once manage to withdraw one from an ATM, and it was accepted at a grocery store without problems.

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  • [–] 4 points 7 months ago (4 children)

    The 200 € note is the rarest one. When buying a car, I’ve actually used 500 € notes a few times. I’ve seen a 200 € note only once or twice. Can’t even remember when was the last time.

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  • [–] 4 points 7 months ago (3 children)

    At the Vienna main railway station (Wien Hbf) there is or was an ATM, operated by Erste Bank, where you can choose to get 200 euro notes.

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  • [–] 1 point 7 months ago (2 children)

    Wow. Never seen one of those.

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  • [–] 9 points 7 months ago

    Barely used doesn't mean useless

    They're not for regular people making regular transactions, it's kinda intended for high value transactions

    Wealthy people selling things (semi-)privately to each other is one obvious one, things like those £50k watches. Sometimes these wealthy people want to do their spending with utmost discretion, so cash is king.

    Another is pawnbrokers, private currency exchanges and similar kinds of business that just have to deal with a lot more cash than is typical.

    Don't get me wrong, its usage will definitely be in decline, but I don't see them taking it out of rotation any sooner than the fiver

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  • [–] 8 points 7 months ago* (3 children)

    I swear we recently had this same question, with the same argument and even similar phrasing, for $50 (USD) bills. What's up with that?

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    [–] 2 points 7 months ago

    Money laundering. Not even joking. Large denominations of cash is one of the more important ways of transferring value across borders for laundering purposes, which is why the largest number of bills in the most significant international currencies (USD and EUR, primarily) are in denominations mich larger than their day to day use value should suggest.

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