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The ECB is going to issue new series of banknotes. If they were to simply take the old 500 euro notes out of circulation, forcing their conversion, that would be a world of hurt for money launderers and tax evaders, because the conversion would automatically make all the money traceable again.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Sun Jan 27th, 2013 at 02:53:05 PM EST
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