Banks Ponder Vault Cash In Response To Negative Rates: Lending Reality In A Nutshell

‘Under guise of preventing fraud the ECB voted to kill the €500 note.
Fraud was not the real reason. The real reason was to make it more difficult for banks to store physical cash to avoid negative interest penalties.’
Read more: Banks Ponder Vault Cash In Response To Negative Rates: Lending Reality In A Nutshell