500 Euro Notes in Circulation Down 7.7% in July
August 31st, 2015
to data published last week by the Bank of Spain, the value of all the 500 euro
notes in circulation in Spain stood at 35,006 million euros in
July, and is the lowest value registered since January 2005, when the number of
notes in circulation amounted to a value of 35,169 million euros.
with July of 2014, the Bank’s data shows that the value of the 500 euro notes
in circulation has fallen by 7.7%, as a year ago the figure stood at 37,948
Thus,El Economista reported that these
high-denomination banknotes have now accumulated 37 consecutive months of
declines. The July figure of 35,006 million euros corresponds to a total of 70
million notes of 500 euros, compared to the 76 million notes there were a year
there are banknotes circulating which are worth a total of 43,753 million
euros, which means that the 500 euro banknotes represent 80% of the total.
BUSINESSWOMAN DEBBIE Whyman has no hesitation in recommending the services of foreign exchange specialist Moneycorp – she has been a client herself for 10 years and has no plans to change.
A decade ago she took time to find a company that was transparent in the services it offered, honest and reliable. Moneycorp fitted the bill perfectly.
And Debbie, who runs property finding company Casaconnections in Javea, also found she was getting the best exchange rates. "The rate you get is the best I have found and they would have matched or beaten any competitive quote from another company.”
She said she was frequently called by other F/X companies offering their services but she remained loyal to Moneycorp. "How can you beat perfection?”
Debbie said she enjoyed dealing directly with Moneycorp to make a ‘deal’ but was also impressed with the company’s "fantastic” online service. "I can transfer money at any time of the day or night. It is very straightforward to use.”
Casaconnections was founded in 2004. Debbie does not compete with estate agents but works with them – she takes a client’s wish list to find them the perfect home or holiday property in Spain.
She carefully listens to what a client wants and only shows them properties that are right for them – saving time, stress and money.
"I have built my business up on honesty. Like Moneycorp, I am very transparent in the service I offer. If a property is not right for my clients, I tell them. My Reputation is worth more than selling a property that would not be right for them,” said Debbie.
"Honesty is the best policy for a long term future. I have been doing this for 10 years and I get recommendations – most often my business is through recommendations.
"Being a customer of Moneycorp myself, I had no hesitation in recommending their services to my clients – who have reported back how good they are. I only recommend quality because I have my own reputation to consider as well, if you recommend people who are not good it reflects badly back on you as well.”
Debbie said the last six years had been difficult because of the recession, making foreign exchange an important service to maximise the value of money transfers.
"Several of my clients have saved thousands of pounds by using Moneycorp’s services to save money on bank charges, and also by using Caja Murcia – who work closely with Moneycorp – and who only charge 100€ for a bankers draft when you go to the Notary,” she said.
"This is a huge saving compared to banks that charge a percentage of the amount being drawn. You save money on transferring funds and at the Notary you save again.”
And she said the savings were a reality – unlike people who maintained their bank was offering to transfer funds "and keep rates low”.
Debbie concluded: "With Casaconnections, patience, reliability, honesty and transparency are key – and they are clearly key with Moneycorp too.”
Call Debbie at Casaconnections on 690 778 057, email email@example.com or visit her website www.casaconnections.com