Euro banknotes are the banknotes A banknote is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. Along with coins, banknotes make up the cash or bearer forms of all modern money. With the exception of non-circulating high-value or precious metal commemorative issues, coins of the euro The euro is the official currency of the European Union, and is currently in use in 16 of the 27 Member States. The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovak republic, Slovenia and Spain. The currency is also used, the currency of the eurozone The eurozone ( pronunciation ), officially the euro area, is an economic and monetary union (EMU) of 16 European Union (EU) member states which have adopted the euro currency as their sole legal tender. It currently consists of Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, (see European Union The European Union is an economic and political union of 27 member states, located primarily in Europe. Committed to regional integration, the EU was established by the Treaty of Maastricht on 1 November 1993 upon the foundations of the European Communities. With over 500 million citizens, the EU combined generates an estimated 30% share (US$ 18.4). They have been in circulation since 2002 and are issued by the European Central Bank The European Central Bank is the institution of the European Union (EU) tasked with administrating the monetary policy of the 16 EU member states taking part in the Eurozone. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt, Germany. The (ECB), each bearing the signature of the President of the European Central Bank The President of the European Central Bank is the head of the European Central Bank, the institution responsible for parts of the economic governance of the Euro Area of the European Union. Denominations of notes range from €5 to €500 and, unlike euro coins There are eight euro coins, ranging in value from one cent to two euros . The coins first came into use in 2002. They have a common reverse, portraying a map of Europe, but each country in the eurozone has its own design on the obverse, which means that each coin has a variety of different designs in circulation at once. Three European microstates, the design is identical across the whole of the eurozone, although they are printed in various member states.
RGE Monitor (blog)
... they correspond to the sum of: 1) banknotes in circulation; 2) governments' deposits at Eurosystem central banks; 3) the investment portfolio of euro ...
