European Central Bank stopped issuing banknotes of a class of 500 euros

FRANKFURT (Ina) - The European Central Bank on Wednesday evening (May 4, 2016) that it will stop production and issuing banknotes of a class of 500 euros on the back of "fears that these papers make it easier to do illegal activities." The 
bank said in a statement, said that the board of governors monetary institution " has decided to stop in apermanent form for the production of banknotes of a class of 500 euros , " with a "stop" on thedistribution of information available from this category precautions "up to the end of 2018". 
He added, according to Agence France - Presse, said that the already existing stock "can continue to beused . " currency cash, explaining that it will retain in a permanent form of value and can be replaced with central banks in the euro zone without time limits. 
these represent only banknotes three percent of the common currency established securities in circulation, but they make up 28 percent of the value of the cumulative ie 300 billion euros , according toEuropean Central Bank statistics. 
on the whole, it was about 600 thousand of these securities in circulation in March last. 
in the opinion of many experts that these securities allows the transfer of huge amounts of money in asecret form and thus facilitating the circulation of money dirty and corrupt practices and financing activities illegal.