Euro Notes
There are two series of Euro Notes currently in circulation. The first series, launched in 2002, includes seven denominations: €5, €10, €20, €50, €100, €200, and €500. The second series, known as the Europa series, started circulating in 2013 and features enhanced security measures and a refreshed design. It includes six denominations, omitting the €500 note.
The Europa series euro notes depict architectural styles from various periods of European history. Each denomination features a different era, ranging from Classical to Modern 20th-century architecture. The intricate designs incorporate advanced security features to deter counterfeiting.
The first series of euro banknotes are gradually being replaced by the Europa series. However, both series remain legal tender throughout the eurozone. This means that all euro notes, including the discontinued €500 note, can still be used for payments and savings. Even though the €500 euro note is no longer issued, it remains legal tender.
The European Central Bank (ECB) is committed to maintaining the integrity of euro currency. To that end, the ECB encourages the public to familiarize themselves with the security features of both series of euro notes. Recognizing authentic euro notes helps prevent the circulation of counterfeit currency.
The design of future euro banknotes is currently under development at the Eurosystem. Citizen participation plays a significant role in this process. The ECB has selected “European culture” and “Rivers and birds” as potential themes for the next series of euro notes, based on public surveys.
The Governing Council of the European Central Bank (ECB) will make the final decision on the designs and issuance schedule of the new banknotes in 2026. The new euro notes will likely incorporate cutting-edge security technologies and design elements.
The ECB is continuously researching and developing new technologies to enhance the security and durability of euro notes. This ongoing effort ensures that euro banknotes remain a reliable and secure means of payment.
The lifespan of a euro banknote varies depending on its denomination and usage. Lower denomination banknotes tend to circulate more frequently and have a shorter lifespan than higher denominations. Regularly handling euro currency exposes banknotes to wear and tear.
Despite the increasing popularity of electronic payments, euro notes continue to play a vital role in the European economy. Cash remains a preferred payment method for many transactions, particularly smaller purchases. Euro banknotes provide a tangible and universally accepted form of payment within the Eurozone.
Although the €500 banknote was discontinued due to concerns about its potential use in illicit activities, existing €500 notes remain legal tender and can be exchanged at national central banks. The decision to discontinue the €500 note was part of an effort to combat money laundering and terrorism financing. While no longer issued, the €500 note retains its value and can be used for legitimate transactions.
The ECB provides comprehensive information about euro banknotes on its website, including details about security features, how to identify counterfeit notes, and the history of euro currency. This resource helps individuals and businesses understand and use euro notes effectively. Staying informed about euro banknotes promotes confidence in the currency and safeguards against fraud.