When the stated purpose was to prevent monetary criminal offense, Other folks have speculated that this go was Component of a latest "war" on hard cash, fundamentally with the government seeking to remove hard cash and eradicate money from the overall economy.
The 500 euro note is the most important denomination at the moment throughout the typical euro forex zone, along with the ECB argued that it is the banknote of preference between criminals.
At enough time of ECB's announcement, the volume of five hundred euro expenses in circulation represented above €three hundred billion, or approximately one-third of each of the euro-denominated dollars superb.
Estimates counsel that the common life of a euro banknote is about 3 years in advance of substitute as a consequence of use, but with a broad variation by denomination degree, from fewer than a yr for €five banknotes to more than thirty years for €five hundred banknotes, on ordinary.
The portrait of Europa is additionally among the safety features, nevertheless the topic on the banknotes is still the same.
Infrared and fluorescent printing patterns[seventy nine] – When viewed while in the around infrared, the banknotes will display darker locations in various zones depending upon the denomination. Ultraviolet gentle can make the EURion constellation show in sharper distinction, and in addition some fluorescent fibres stand out.
Denominations of notes vary from €five to €five hundred and, as opposed to euro cash, the look is equivalent across the complete of your eurozone, Even though They can be printed in many member states.
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The euro is The one currency employed by virtually all members with the European Union. Before its introduction in 2002, a European holiday vacation accustomed to require a number of currency alterations, frequently resulting in confusion.
Learn more about the various style components and discover where your banknotes were printed. Understand the design of existing euro banknotes
EURion constellation[eighty three] – Euro banknotes consist of a sample often called the EURion constellation which might be utilized to detect their id as banknotes to circumvent copying and counterfeiting. Some photocopiers are programmed to reject images made up of this sample.
Euro Banknotes are issued to a really stringent and substantial typical of high-quality founded with the Eurosystem. Retaining the integrity and excellent with the euro is vital to preserving the public’s confidence during the forex.
The very small containers in close proximity to The underside in the banknote clearly show the Canary Islands and a few overseas territories of France where by the euro is additionally applied.
The general quantity of copyright to generally be printed must be authorised with the ECB, as part of its mandate to keep banknoten up price security in the euro spot.