The launch of the second series of euro banknotes was completed in May 2019. The first series of euro banknotes from €5 to €500 issued since 2002 will be replaced by the new set of banknotes from €5 to €200. Are the old euro banknotes still valid and how can they be exchanged? Read on to find out. The banknotes of the first series of 500 euros will no longer be issued by the Banco de España from 27 January 2019, but will continue to be legal tender, so you can continue to use them as a means of payment and store of value (i.e. issue and storage). Like all denominations of euro banknotes, the €500 banknote always retains its value and can be exchanged at any time at a national central bank in the euro area. All banknotes in each series are legal tender throughout the euro area. Once that time has passed, people will no longer be able to issue banknotes from England in shops or use them to pay businesses. People with a UK bank account can still deposit withdrawn notes into their account. Some post offices also accept withdrawn bank notes as payment for goods and services or as a deposit in an account they access. While the majority of £20 and £50 notes in circulation have been replaced by new polymer versions, more than £6 billion of paper notes are still in circulation with economist Adam Smith and more than £80 billion of £50 billion notes with engineers Boulton and Watt.

That`s more than 300 million individual £20 notes and 160 million £50 notes. Footnote [1] The European Central Bank closely monitors the circulation and stocks of euro banknotes and coins. The Eurosystem`s mission is to ensure an efficient and regular supply of euro banknotes and to preserve their integrity throughout the euro area. [28] I would like to contact DHL International euro banknotes to ship and handle the new £20 polymer was first issued on 20 February 2020 and the £50 banknote polymer was first issued on 23 June 2021. These notes complement the Bank of England`s first series of polymers. The introduction of polymer banknotes allows a new generation of security features that make them even more difficult to counterfeit. The notes are resistant to dirt and moisture and thus remain in better condition longer. These notes also have tactile features that allow blind and partially sighted people to use them. There are two sets of banknotes.

The first series consists of seven different denominations: €5, €10, €20, €50, €100, €200 and €500. The second series, or Europa series, consists of six denominations and was completed with the issuance of the €100 and €200 on May 28, 2019. The €500 banknote was not included in the „Europa“ series and has not been issued since 27 April 2019. The first series of banknotes, originally issued in 2002, will be gradually replaced by the „Europe“ series. All banknotes are legal tender throughout the euro area. The new €100 and €200 banknotes will be put into circulation jointly across the euro area on 28 May 2019. The €100 and €200 banknotes are the last two denominations in the series of euro banknotes with the European title. The „Europa“ series banknotes feature several new and improved security features and a new look. In the euro area, there are seven banknote denominations of legal tender: €5, €10, €20, €50, €100, €200 and €500, and their design follows the same patterns. Today, two series of banknotes coexist in circulation. Sarah John, Chief Cashier of the Bank of England, said before the date: „We would like to remind the public that from today they only have six months left to issue or deposit their £20 and £50 notes. In recent years, we have switched from paper to polymer because these designs are harder to counterfeit and at the same time more durable.

Many of these paper notes have now been returned to us and replaced by the £20 polymer with artist J.M.W. Turner and the £50 polymer with scientist Alan Turing. However, if the public still has one of these paper notes in their possession, they should deposit or issue it while they can. Like all euro banknote denominations, the €500 banknote always retains its value and can be exchanged at any time at a national central bank in the euro area. The small states of Andorra, Monaco, San Marino and Vatican City also use the euro as part of a formal agreement with the European Community. This means that euro banknotes and coins are currently in circulation in countries with a population of 340 million. However, following global trends, the share of physical money in transactions has steadily declined as the use of debit and credit cards increases. Cash is still popular for smaller transactions, but less so for larger ones. The Europa series banknotes will be introduced gradually over several years in ascending order. The first four banknotes of the new series, €5, €10, €20 and €50, were put into circulation in 2013, 2014, 2015 and 2017. The Europa series will end with the issuance of the €100 and €200 on May 28, 2018.

There will be no €500 note. There are several communities of people at European level, such as EuroBillTracker[29], who follow euro banknotes that pass through their hands as a hobby. The aim is to track where banknotes move[29]: how they spread, from where and where they travel, and to compile statistics and rankings, for example in which countries there are more banknotes. [29] EuroBillTracker had registered more than 161 million tickets in November 2016,[30] with a total value of more than €3 billion. [30] The new banknotes in the „Europa“ series represent an evolution. The new euro banknotes still have the „age and style“ design of the first series and use the same dominant colours, but have been slightly modified to reflect the improved security features. This also makes them easy to distinguish from the first series. An independent banknote designer based in Berlin, Reinhold Gerstetter, was chosen to refresh the design of the euro banknotes.

The new banknotes also take into account countries that have joined the European Union since the launch of the first series. They show that the banknotes, which bear the architectural styles representative of seven eras of European cultural history, are identical for all countries that have adopted the euro as their single currency. Is there a deadline and what is the exchange period for old euro banknotes? When purchasing euro banknotes, many UK customers prefer to receive only second-series euro banknotes.