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- There are seven different denominations of euro banknotes: €5, €10, €20, €50, €100, €200, and €500.
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The euro (symbol: €; currency code: EUR) is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents.
- Eurozone
The euro area, commonly called the eurozone (EZ), is a...
- Euro Banknotes
There are seven different denominations of euro banknotes:...
- Euro Sign
The euro sign (€) is the currency sign used for the euro,...
- Member States
The European Union (EU) is a political and economic union of...
- List of Currencies in Europe
There are 29 currencies currently used in the 50 countries...
- 20 Euro Note
The twenty euro note (€20) is the third-lowest value euro...
- History of The Euro
Euro Zone inflation. The euro came into existence on 1...
- European Currency Unit
The European Currency Unit (French: Unité de compte...
- Austrian Schilling
The schilling (German: Schilling; German pronunciation: ⓘ)...
- Eurozone
- History
- Specification
- Design
- Commemorative Issues
- Circulation
- Small-Denomination Coins
- Controversy
The euro came into existence on 1 January 1999. It had been a goal of the European Union (EU) and its predecessors since the 1960s. The Maastricht Treaty entered into force in 1993 with the goal of creating economic and monetary union by 1999 for all EU statesexcept the United Kingdom and Denmark (even though Denmark has a fixed exchange rate polic...
There are eight different denominations of euro coins: 1c, 2c, 5c, 10c, 20c, 50c, €1 and €2. The 1c, 2c and 5c coins show Europe in relation to Asia and Africa in the world. The remaining coins show the EU before its enlargement in May 2004 if minted before 1 January 2007, or a map of Europe if minted after. Coins from Austria, Italy, San Marino, P...
Common side
All coins have a common reverse side showing how much the coin is worth, with a design by Belgian designer Luc Luycx. The design of the 1c, 2c and 5c coins shows Europe's place in the world as a whole. The 10c coins and above show either the 15 countries that were the European Union in 2002, or, if minted after 2007, the whole European continent. Coins from Italy, San Marino, the Vatican, Austria and Portugal show the new design if minted 2008 or later.The coins symbolise the unity of the EU.
National sides
The obverse side varies from state to state, with each member allowed to choose its own design. Each of the eight coins can have the same design (such as Irish coins), or can vary from coin to coin (such as Italian coins). In monarchies, the national side usually features a portrait of the country's monarch, often in a design carried over from the former currency (e.g. Belgian coins). Republics tend to feature national monuments, symbols, or stylised designs (such as French coins). Engravings...
Security features
Euro coins have high-security machine-readable features. Sophisticated bi-metal and sandwich technologies have been put into the €1 and €2 coins. The 10c, 20c and 50c coins are made of Nordic gold, which is a unique alloy, difficult to melt and used exclusively for coins.The lettering on the edge of the €2 coin also protects it from counterfeiting.
Each state may also mint two 2 euro commemorative coins each year from June 2012. From 2004 to May 2012, countries were only allowed to mint one coin per year. Only €2 coins may be used in this way (for them to be legal tender) and there is a limit on the number that can be issued. The coin must adhere to the normal design criteria, such as the twe...
The European Central Bank closely monitors the circulation and stock of the euro coins and banknotes. It is a task of the Eurosystem to ensure an efficient and smooth supply of euro coins and to maintain their integrity throughout the eurozone.
The 1c, 2c, and 5c coins account for approximately 80% of all new coins minted in the eurozone. Due to the expense of producing such low-value coinage, the Commission and some member states have proposed that costs could be cut by having a common design on both sides of these coins, rather than minting numerous different designs. The €1 and €2 coin...
In spring 2016, controversy arose in the Netherlands after an episode of the television program Keuringsdienst van Waarde showed that euro coins for the Netherlands and other countries were being made by South Korean company Poongsan, a known producer of cluster munitions. Cluster munitions are banned internationally by the 2008 Convention on Clust...
THE EURO BANKNOTES AND COINS. Since 1 January 2002 the euro banknotes and coins have been part of everyday life for over 300 million people in the euro area.This leaflet depicts the seven euro banknotes and the eight euro coins, including their security features.The banknotes – inspired by the architectural styles of seven periods in Europe ...
Future banknotes. Current banknotes. There are two series of euro banknotes. The first series comprises seven different denominations: €5, €10, €20, €50, €100, €200 and €500. The second, also known as the Europa series, consists of six denominations, as we decided to stop the issuance of €500 banknotes. Denominations, design and security features.
Jun 8, 2022 · Updated June 08, 2022. Reviewed by. Thomas J. Catalano. What Is the Euro? The euro is the official currency of the European Union (EU), adopted by 19 of its 27 member nations. It is the world's...
Banknote manufacturer accreditation. Payment contact groups. Advisory groups on market infrastructures. Euro Cyber Resilience Board. Euro Retail Payments Board (ERPB) European Forum for Innovation in Payments (EFIP) Financial stability. Introduction to financial stability. Macroprudential Measures.
