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
Language and the euro it is actually written on the euro notes in Greek as . Also, the spelling (resulting in a plural ) on the notes could have confused other Europeans, who might read it as a string of Latin letters: "eypo". A plural form "evra", as if from a regular declinable neuter noun in "-o", is sometimes used in a jocular way. For the cent, the terms used in Greece are , plural ("leptó", plural "leptá"), a name used for small denominations of various ancient and modern Greek currencies, including the drachma (which the euro replaced). The word means 'minute' (literally "thin"),