500 euro note expansion of the European Union. Cyprus is not depicted on current notes as the map does not extend far enough east and Malta is also missing as it does not meet the current series' minimum size for depiction. The European Central Bank is currently introducing a new series of Euro-banknotes. The 500 euro denomination, however, will not be included in the new series as it was decided to phase out issuance of 500 euro banknotes. The five hundred euro note measures at × with a purple colour scheme. All bank notes depict bridges and arches/doorways in a different historical European
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,