Europe is the western peninsula of the giant "supercontinent" of Eurasia. Europe is divided from Asia by a series of watersheds, including the Ural River and the Caspian and Black Seas. Europe is the second-smallest continent. The name Europe, or Europa, is believed to be of Greek origin, as it is the name of a princess in Greek mythology. The However, these notes will continue to be legal tender in the euro area. The ECB noted that the announcement of the end of the 500 euro banknotes production had led to a sharp increase in demand of 100 and 200 euro banknotes by European firms and households. Signature of Mario DRAGHI willremain on the two last new kanknotes of Europa series. The central bank in Europe is called the European Central Bank (ECB). Currently, 17 EU member states have adopted the Euro. It is the second-most traded currency on the forex market, after the US Dollar, and also a major global reserve currency. Other common names for the Euro include Yoyo (Irish English), Leru (Spanish), and Ege (Finnish). Starling Bank never charges monthly fees or fixed fees for currency exchange. You will always get the real mid-market exchange rate applied to your transfers and will pay an excellent 0.4% markup (as of May 2023). Even better, you can receive Euros for free with this account too. 9.3. Buy €500 of currency. Then take your €500 note along with your purchase receipt and claim your guaranteed buy back. They can't insist that it's the same actual note. Then take the smaller notes which you have obtained in step one to anywhere that offers the best rate and change them. Report inappropriate content. Very roughly determine what the unit of currency (euros, kroner, Swiss francs, or whatever) is worth in American dollars. For example, let's say the exchange rate is €1 = $1.10. If a strudel costs €5, then it costs five times $1.10, or $5.50. Ten euros, at this rate, would be about $11, and €250 = $275 (figure 250 plus about one-tenth more). All costs will be less than losing one €500 note to thieves. If wiring the money is too expensive, withdraw it at the ATM in the bank and pay in the notes you get out of their own machines. You will still pay costs and you will have to repeat a few times but likely it will not cost more than you would pay getting Euros in a non-Euro country 53 helpful votes. 3. Re: a 500 euro note. 15 years ago. Save. In Spain the €500 note is known as a "Bin Laden". Everyone knows of the existence, but nobody sees it. Definitely go to a bank and change it, most shops will not accept the note. Report inappropriate content. Shops are more likely to accept large denominations if they are making a large sale. TV costs €499.99, customer pulls out €500 note. They will never give €400 as change. There is an additional problem that staff may not be trained to check for counterfeit in large denominations. That's another reason for rejection. The European Commission issued a recommendation (2010/191/EU), based on a report by the Euro Legal Tender Expert Group, which states the following with regard to the obligation to accept cash. Retailers cannot refuse cash payments unless both parties have agreed to use a different means of payment. Displaying a label or posters indicating that Bx2OG.