Discontinuation of issuance of €500 banknotes
In accordance with a decision adopted by the ECB, the Banco de España will cease to issue €500 banknotes on 27 January 2019.
However, €500 banknotes will continue to be legal tender, so they can continue to circulate and be used as a means of payment and a store of value (i.e. to purchase and to save).
Also, the professional sectors (such as banks, cash-in-transit companies, currency-exchange bureaux, etc.) may recirculate €500 banknotes.
These banknotes will retain their value indefinitely and may be exchanged at euro area national central banks at any time.
Additional information on euro banknotes can be found here.