€500 note still legal

WHEN the concept of introducing a euro zone currency was first muted, each member state was invited to join and to confirm what denomination of coins and bank notes they wanted.

At that time Germany, supported by Austria didn’t want to see large notes disappear as many transactions in those two countries were carried out in cash and as Germany had a 500 Deutschmark note, it was agreed that there should be a €500 note.

As time passed and the membership expanded to 20, so did the fear that many countries had that a €500 note was ideal for money launderers and smugglers as well as counterfeiters.

It was calculated that if they wanted to move €1 million anywhere around the world, the weight when using €500 notes was 2.2 kilos as opposed to 20 kilos if using €50 notes and obvi­ ously the packages were much smaller as well.

When new bank note designs were being considered, the European Central Bank confirmed that with effect from the end of 2018, no new €500 bank notes would be printed, except in Austria and Germany where they would continue for a further three months.

Many people in Spain are of the opinion that the €500 note has been withdrawn completely, but in fact they are legal tender across the Euro Zone and may be used legally for transactions in Spain, although there are rules concerning the amount of cash that may be tendered when settling an invoice.

1,900 Banco Santander branches in Spain

THERE is a long history of impersonators in the UK and the latest name to catch the attention is Danny Posthill who is a regular visitor to both the Costa del Sol and Mallorca.

Following a recent visit to see his aunt Sylvia who was celebrating her 90th birthday in her home in Fuengirola he was catching up with friend, popular local singer Mario Ross who asked if he would act as auctioneer at the Children with Cancer UK fundraiser at Villa Tiberio in Marbella on Sunday May 28.

After returning to the UK and then flying out to Cyprus for a show, Danny found time to speak exclusively with Euro Weekly News about his career and the way in which it has blossomed since reaching the finals of Britain’s Got Talent in 2015. Asked about how he discovered his talent for voices

Danny explained “I guess that most impressionists will tell you it dates back to schooldays, I wasn’t a great scholar but could make my friends laugh by mimicking