Pablo Hoffman forwarded this Slate article about "A different kind of paper money collector." -Editor
Earlier this year, the European Central Bank stopped all production of the 500 euro note. The action came after years of concern from academics,
multinational police agencies, and EU finance ministers: The 500 euro, they alleged, had grown far too popular in the funding and facilitation of drug
trafficking, human smuggling, and terrorism. Because of its illicit reputation—and because “many know what it looks like” but “few have ever seen one”—the
European media ominously dubbed the note “the Bin Laden.”
The article's subtitle is, "The short-lived 500 euro bill became the currency of choice for international criminals. But eliminating it may not
solve the problem." It's an interesting article, with interviews with former money launderers.
"According to his brother, Roberto, Colombian drug kingpin Pablo Escobar’s operation would lose up to 10 percent of its cash proceeds—a couple of
billion a year—in part because rats would eat it in storage." See the full article online. -Editor
To read the complete article, see:
The Life and Death of the Bin Laden
Wayne Homren, Editor
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