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500-euro notes withdrawn in Britain
Updated On: 13 May, 2010 04:04 PM IST | | DPA
British bank wholesalers have withdrawn notes of 500 euros ($424) denomination from domestic sale because they are almost exclusively used for organised crime, police said Thursday.
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British bank wholesalers have withdrawn notes of 500 euros ($424) denomination from domestic sale because they are almost exclusively used for organised crime, police said Thursday.
The decision to end trading was made after police found that 90 percent of the notes in circulation were linked to crime, tax evasion and terrorism.
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