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
500 euro note 500 euro note The five hundred euro note (€500) is the highest-value euro banknote and was produced between the introduction of the euro (in its cash form) in 2002 until 2014. As of 2018, the banknote is still under circulation. It was one of the highest-value circulating banknotes in the world, worth around 620 USD, 3,914 CNY, 66,413 JPY, 584 CHF or 440 GBP. The note is used in the 23 countries which have the euro as their sole currency (with 22 legally adopting it), with a population of about 343 million. Initially, the high denomination notes were introduced very