€500 Euro Bills. The ciculation of this note has been on going since 2002. The national central banks of the Euro system or the European Central Bank issues the notes. The euro rapidly took over from the former national currencies and slowly expanded around the European Union.
Three years is the estimated average lifespan of a note . The individual lifespans vary depending on denomination. From less than a year for €5 banknote to over 30 years for €500 banknote.
About the €500 Euro Bills:
The five hundred euro note (€500) is the one of the highest value euro bank note and has been used since the introduction of the euro (in its cash form) in 2002 until 2014. The note is used by the 23 countries and a population of 343 million as their sole currency. In May 2021, there were approximately were approximately 393 million banknotes in circulation (decreased from 614 million in 2015). 1.5% of the total banknotes circulating today are five hundred euro notes.
It is the largest note measuring 160 × 82 mm and has a purple colour scheme. The five hundred euro banknotes depict bridges and arches/doorways in modern architecture (around the 20th century). The five hundred euro note contains several complex security features such as watermarks, invisible ink, holograms and microprinting that document its authenticity.
Since 27 April 2019, the banknote has no longer been issued by central banks in the euro area, but continues to be legal tender and can be used as a means of payment
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