5 euro note used on the banknotes as a result of Bulgaria joining the European Union in 2007. Therefore, the new series of Euro banknotes will include "ЕВРО", which is the Bulgarian spelling for EURO as well as the abbreviation "ЕЦБ" (short for "Европейска централна банка" in Bulgarian). The European Central Bank will, in due time, announce when banknotes from the first series lose legal tender status. The five euro note is the smallest at with a grey colour scheme. All bank notes depict bridges, arches or doorways in a different historical European style; the five euro note shows the Classical era (up
Euro banknotes (€100, €200, €500) last longer as they are used more for hoarding purposes. The Europa series is designed to last longer than the previous one. The euro came into existence on 1 January 1999. The euro's creation 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 states except the UK and Denmark (though Denmark has a policy of a fixed exchange rate with the euro). In 1999, the currency was born virtually,