Citizens may continue to use €500 banknotes, including to make payments, without restriction. This means €500 banknotes continue to be legal tender and thus do not need to be exchanged. Nevertheless, those who wish to do so can exchange them at the branches of commercial banks or the Banco de Portugal’s cash offices. The €500 banknote will always retain its value and can be exchanged at Eurosystem national central banks (including at the Banco de Portugal’s cash offices) for an unlimited period of time. Note that no one is authorised to withdraw banknotes on behalf of the Banco de Portugal or any banking institution.