💨 Abstract

Spain is phasing out damaged €50 notes due to counterfeiting and fraud concerns, starting from July 2022. Retailers are likely to reject worn €50 notes, while €5, €10, and €20 notes should be accepted. €500 notes are also being phased out due to their association with criminal activity. Spain is also considering phasing out one and two cent euro coins.

Courtesy: metro.co.uk

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