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Slovenia joined the Eurozone in ,  Cyprus and Malta in ,  Slovakia in ,  Estonia in ,  Latvia in  and Lithuania in Each has a distinctive colour and size.
The notes also carry the acronyms of the name of the European Central Bank in five linguistic variants, covering all official languages of the EU in the time of the banknote introduction , and now 19 out of 24 official languages of the EU28 , in the following order: .
The euro banknote initial designs were chosen from 44 proposals in a design competition, launched by the Council of the European Monetary Institute EMI on 12 February The euro banknotes are pure cotton fibre, which improves their durability as well as giving the banknotes a distinctive feel.
Cyprus and Malta were not shown on the first series because they were not in the EU in , when the banknotes were issued, even though they joined the Eurozone in The map did not stretch as far east as Cyprus, while Malta was too small to be depicted.
The following table depicts the design characteristics of the 2nd series ES2 of euro notes. The Europa series banknotes, similarly to the first series, bear the European flag , a map of the continent on the reverse and the signature of Mario Draghi , since 1 November president of the ECB.
The 12 stars from the flag are also incorporated into the notes. Their length remains unchanged.
The design for the 50, and euro notes features the acronyms of the name of the European Central Bank in ten linguistic variants, covering all official languages of the EU28 , in the following order: .
The 5 euro, 10 euro and 20 euro notes do not feature ESB , as Croatian became an official language only in July with the accession of Croatia , after the introduction of the banknote design earlier that year.
The notes of the Europa series do not show the same year. The year shown is the year the note is issued. The Europa series euro banknotes are supposedly more durable than the first series banknotes.
Reinhold Gerstetter , an independent banknote designer, was chosen by the European Central Bank to redesign the euro notes.
Due to the great number of historic bridges, arches, and gateways throughout the European continent, all the structures represented on the notes are entirely stylised illustrations of the relevant architectural styles, designed to evoke the landmarks within the European Union ,  representing various European ages and styles.
The euro banknotes bear the signature of the President of the European Central Bank. In the first series, notes printed between November and March show the signature of Jean Claude Trichet , the second President of the ECB,   replacing that of the first president, Wim Duisenberg ,  who was the ECB president when the first euro banknotes and coins were issued, until From , Christine Lagarde 's signature will gradually begin to appear on banknotes entering circulation, becoming the fourth signature to appear on Euro banknotes.
The European Central Bank has described some of the basic security features of the euro notes that allow the general public to recognise the authenticity of their currency at a glance:.
However, in the interest of advanced security of the euro notes, the full list of these features is a closely guarded secret of the European Central Bank and the National Central Banks of the Eurosystem.
Still, between the official descriptions and independent discoveries made by observant users, it is thought that the euro notes have at least eleven different security features, which are:.
The European Central Bank intends to redesign the notes every seven or eight years. A new series, called the "Europa series", has been released from ; the first notes entered circulation on 2 May New production and anti-counterfeiting techniques are employed on the new notes, but the design shares the colours of the first series and the theme of bridges and arches.
The new notes also reflect the expansion of the European Union: every member of the EU is depicted on it.
The initial series did not include the recent members Cyprus and Malta Cyprus was off the map to the east and Malta was too small to be depicted.
The Bulgarian Cyrillic alphabet features on the Europa series banknotes, as a result of Bulgaria joining the European Union in The modified 5 euro note features the initials of the European Central Bank in each of the contemporary EU member languages in a column on the left-hand side of the obverse.
The full design of the Europa series 5 euro banknote was revealed on 10 January On 4 May , the European Central Bank announced that the Europa series euro banknote would not be released, due to fears of "facilitating the criminal activity".
The old series will gradually be withdrawn. As in the design process of the first series of euro notes, visually impaired users were consulted during the design phase of the Europa series, and their requirements were included in the final designs.
The European Central Bank closely monitors the circulation and stock of the euro coins and banknotes. It is a task of the Eurosystem to ensure an efficient and smooth supply of euro notes and to maintain their integrity throughout the Eurozone.
As of January , there were about 23, million banknotes in circulation around the Eurozone. The European Central Bank publishes information on the amount of counterfeit banknotes removed from circulation every 6 months.
In July , the European Central Bank said that it removed , counterfeit euro banknotes from circulation in the first half of , which is an increase of According to the central bank , the ratio of counterfeited bank notes is about 10 in one million of real bank notes for the Swiss franc , of 50 in one million for the Euro, of in one million for United States dollar and of in one million for Pound sterling.
Legally, both the European Central Bank and the national central banks NCBs of the Eurozone countries have the right to issue the 7 different euro banknotes.
Since , euro notes have been printed by the National Central Banks of the Eurozone, with each Central Bank being responsible for and bearing the cost of producing a proportion of the notes.
There is a six-character printing code on every banknote which states the printer of the banknote. These printing codes have an initial letter, followed by three digits, then by a single letter, and ending in a digit, for example, "RA1".
The initial letter identifies the printing facility. So "A" would be the first row and "1" would indicate the first column.
Banknotes are printed in sheets. Different printers use different sheet sizes and sheets of higher denominations, which are larger in size, would have fewer notes printed per sheet.
The printer code does not need to be the same as the country code, i. Oberthur a private printer and the printing works of the Bank of France , and two more in the United Kingdom: Thomas De La Rue another private printer and the Bank of England printing house, although the latter does not produce euro banknotes.
Unlike euro coins , euro notes do not have a national side indicating which country issued them. The country that issued them is not necessarily where they were printed.
The information about the issuing country is encoded within the first character of each note's serial number instead. The first character of the serial number is a letter which uniquely identifies the country that issues the note.
The W, K and J codes have been reserved for the three EU member states that did not adopt the euro in , while the R prefix is reserved for Luxembourg, which, at present, does not issue euro banknotes.
Although the Slovenian letter had been reserved since the eurozone enlargement in January , the country initially used previously issued banknotes issued from other member states.
The first banknotes bearing the "H" letter, produced in France specifically on behalf of Slovenia, were witnessed no sooner than April In the new series, there are two codes, like in the first series.
They are the printer code in the top right hand corner and the serial number. However, as the code indicates the printer, rather than the issuing NCB , certain letters have been reassigned from NCBs which do not maintain their own printing facilities.
In the first series, H denoted Slovenia. The European Central Bank publishes details about euro notes produced every year.
There are several communities of people at European level, an example of which is EuroBillTracker ,  that as a hobby keep track of the euro notes that pass through their hands to keep track and know where they travel or have travelled.
On 18 November the ECB decided definitively that there was insufficient demand across the Eurozone for very-low-denomination banknotes.
From Wikipedia, the free encyclopedia. Main article: History of the euro. Scheller European Central Bank.
Retrieved 2 August November Retrieved 15 January Retrieved 6 August Deutsche Welle. La Banque de France.
Retrieved 16 June Financial Times. Archived from the original on 10 May Retrieved 13 February Eurozone Portal.
Archived from the original on 15 July European Commission. Archived from the original on 11 September BBC News.
British Broadcasting Corporation. Bloomberg Businessweek. Wall Street Journal. Retrieved 31 July Bloomberg News.
Retrieved 16 January Retrieved 1 November Retrieved 21 January The Europa series has a revised map of Europe, including Malta and Cyprus.
The tiny boxes near the bottom of the banknote show the Canary Islands and some overseas territories of France where the euro is also used.
Very small islands are not shown on the banknotes because they cannot be accurately reproduced using high-volume offset printing.
Retrieved 17 June Retrieved 7 January Retrieved 9 January Retrieved 12 February Europeiska centralbanken European Central Bank.
Euroopan keskuspankki European Central Bank. The euro is the official currency of 16 European countries and will increase to 18 by It is the second most traded currency in the world, after the U.
Although electronic transfers between currencies are the main way the euro and dollar are traded, there are many checks issued in euros.
If you get one, you need to know how to cash a check in euros at a U. Two costs are associated with cashing a euro check at a U.
The most cost effective way to cash a euro check is using a bank. Contact your bank and ask the cost, timing and way to cash a euro check.
Make a note of the information and then get comparisons from a couple of other banks, as charges and timescales may vary. Select the U.
You may want your euro check cashed quickly and are willing to pay more, or maybe time is not an issue, but costs are. Check the rate of exchange between the euro and dollar so you have an idea of the dollars you will get once you cash your euro check.
Rates of exchange fluctuate daily so the amount will only be approximate. Get the exchange rate from a newspaper, online or by calling a U.