(Eurozone and Institutions) | |
---|---|
Value | 500 euros |
Width | 160 mm |
Height | 82 mm |
Security features | Hologram patch with perforations, EURion constellation, watermarks, microprinting, ultraviolet ink, raised printing, security thread, matted surface, see through number, colour-changing ink, barcodes and serial number[1] |
Material used | Cotton fiber[1] |
Years of printing | 2002–2019[2][3] |
Obverse | |
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Design | Window in Modern architecture[4] |
Designer | Robert Kalina[5] |
Design date | 3 December 1996[5] |
Reverse | |
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Design | Cable-stayed bridge in Modern architecture and map of Europe.[4] |
Designer | Robert Kalina[5] |
Design date | 3 December 1996[5] |
The five-hundred-euro note (500 €) is the highest-value euro banknote; it was produced between the introduction of the euro (in its cash form) in 2002 until 2019. Since 27 April 2019, the banknote has no longer been issued by central banks in the euro area, but it continues to be legal tender and can be used as a means of payment.[6] It is one of the highest-value circulating banknotes in the world, worth around 535 USD; 3 874 CNY; 83 598 JPY; 426 GBP, or 487 CHF as of April 2024. The note is used in the 26 countries that have the euro as their sole currency, with a population of about 343 million.[7]
Initially, the high denomination notes were introduced very rapidly, so that in the first seven years (up to December 2008) there were 530 million five-hundred-euro banknotes in circulation. Subsequently, the rate of increase was radically slowed. In July 2023, there were approximately 281 million banknotes in circulation (decreased from 614 million in 2015). It is the least widely circulated denomination, accounting for 0.9% of the total number of banknotes.[8] It is the largest note, measuring 160 × 82 mm, and has a purple color scheme.[4] The five-hundred-euro banknotes depict bridges and arches/doorways in modern architecture. [4] The five-hundred-euro note contains several complex security features such as watermarks, invisible ink, holograms and microprinting that make counterfeiting very difficult.
The note is being phased out due to concerns of widespread use for illegal purposes. Most printing of new 500 € notes ceased in 2019, although existing notes will remain legal tender until further notice.
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