Euro banknotes in August 2018, there were about 21.737 billion banknotes in circulation around the Eurozone, with a total value of about €1.193 trillion. On 8 November 2012, the European Central Bank announced that the first series of notes would be replaced by the Europa series, starting with the 5 euro note on 2 May 2013. Estimates suggest that the average life of a euro banknote is about three years before it is replaced due to wear, but individual lifespans vary depending on denomination, from less than a year for €5 banknote to over 30 years for €500 banknote. High denomination banknotes
Dutch euro coins Royal Dutch Mint presented the new design to the public on 31 October 2013 and began releasing them into circulation in early 2014.(see ). Production of the new coins commenced on 22 January 2014. The first coins were released into circulation the next day. Dutch euro coins Dutch euro coins currently use two designs by Erwin Olaf, both of which feature a portrait of King Willem-Alexander of the Netherlands. The new designs began circulating in 2014. Dutch Euro coins minted from 1999 to 2013 feature a portrait of Queen Beatrix designed by Bruno Ninaber van Eyben. All coins share the