BoF’s Villeroy Backs Abolition of 500-Euro Bill: Les Echos
Source: BFW (Bloomberg First Word)
Tickers
224950Z FP (Banque De France)
2539Z GR (European Central Bank)
People
Francois De Galhau (Banque De France)
Benoit Coeure (European Central Bank)
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UUID: 7947283
(Bloomberg) -- Francois Villeroy de Galhau sees abolition as a means to fight criminal use of the 500-Euro bill, Les Echos reports, citing remarks made to the newspaper by the Bank of France governor.
Alert: HALISTER1- Abolishing the bill would help fight money laundering, terrorist finance
- Doesn’t specify whether his opinion is shared by other members of the ECB Governing Council
- Arguments for the preservation of the 500 euro bill are “less and less convincing”, ECB Executive Board member Benoit Coeure is quoted as saying
- NOTE: April 28, ECB’s Nowotny Says Phasing Out 500-Euro Bill May Cause Fears
Source: BFW (Bloomberg First Word)
Tickers
224950Z FP (Banque De France)
2539Z GR (European Central Bank)
People
Francois De Galhau (Banque De France)
Benoit Coeure (European Central Bank)
To de-activate this alert, click here
UUID: 7947283