Reply to post: Re: Why would you pay that much negative interest?

Re: Why would you pay that much negative interest?

DougS,

I bet you can't. How many lorries to transport €14.3 billion of cash? That's 28.6 million €500 notes - and lets say a bundle of 100 of those is 1 inch thick - that's a stack 24 thousand feet tall!

Also there probably aren't enough €500 notes in circulation. So you'd have to print them, even at €0.50 per note that's €15m just on printing. Then you've got security guards, van drivers, fuel, wear and tear on vault doors, swamp insurance...