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 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