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The North Korean won, also known as the Korean People's won or Democratic People's Republic of Korea won, is the official currency of North Korea. It is subdivided into 100 chon. The currency is issued by the Central Bank of the Democratic People's Republic of Korea, based in the North Korean capital, Pyongyang.
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Banknotes of the euro, the currency of the euro area and institutions, have been in circulation since the first series was issued in 2002. They are issued by the national central banks of the Eurosystem or the European Central Bank. In 1999 the euro was introduced virtually, and in 2002 notes and coins began to circulate. The euro rapidly took over from the former national currencies and slowly expanded around the European Union.
The five euro note (€5) is the lowest value euro banknote and has been used since the introduction of the euro in 2002. The note is used in the 25 countries which have it as their sole currency ; with a total population of about 343 million currently. In May 2021, there were approximately 1,977,000,000 five euro banknotes in circulation around the eurozone. It is the fifth most widely circulated denomination, accounting for 7.3% of the total banknotes. Estimates suggest that the average life of a five euro banknote is less than a year before it is replaced due to wear.
The ten euro note (€10) is the second-lowest value euro banknote and has been used since the introduction of the euro in 2002. The note is used in the 23 countries which have it as their sole currency ; with a population of about 343 million. In May 2021, there were approximately 2,785,000,000 ten euro banknotes in circulation around the eurozone. It is the fourth most widely circulated denomination, accounting for 10.4% of the total banknotes. Estimates suggest that the average life of a ten euro banknote is about 1.5 years before it is replaced due to wear.
The twenty euro note (€20) is the third-lowest value euro banknote and has been used since the introduction of the euro in 2002. The note is used by the 23 countries and a population of 343 million as their sole currency, with 22 legally adopting it. In May 2021, there were approximately 4,474,000,000 twenty euro banknotes in circulation around the eurozone. It is the second most widely circulated denomination, accounting for 16.6% of the total banknotes. Estimates suggest that the average life of a twenty euro banknote is about two years before it is replaced due to wear.
The fifty euro note (€50) is one of the middle value euro banknotes and has been used since the introduction of the euro in 2002. The note is used by some 343 million Europeans and in the 23 countries which have the euro as their sole currency. In May 2021, there were about 13,073,000,000 fifty euro banknotes in circulation in the eurozone. It is by far the most widely circulated denomination, accounting for almost half (48.6%) of the total banknotes. Estimates suggest that the average life of a fifty euro banknote is about four years before it is replaced due to wear.
The one hundred euro note (€100) is one of the higher value euro banknotes and has been used since the introduction of the euro in 2002. The note is used daily by some 343 million Europeans and in the 23 countries which have it as their sole currency. In May 2021, there were approximately 3,458,000,000 hundred euro banknotes in circulation in the eurozone. It is the third most widely circulated denomination, accounting for 12.9% of the total banknotes.
The two hundred euro note (€200) is the second-highest value euro banknote and has been used since the introduction of the euro in 2002. The note is used in the 23 countries which have the euro as their sole currency ; with a population of about 343 million. In May 2021, there were about 734,000,000 €200 banknotes in circulation around the eurozone. It is the second least widely circulated denomination, accounting for 2.7% of the total banknotes.
The five-hundred-euro note (€500) is the highest-value euro banknote and was produced between the introduction of the euro in 2002 until 2014. 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. It is one of the highest-value circulating banknotes in the world, worth around 587 USD, 3,802 CNY, 64,102 JPY, 536 CHF or 428 GBP as of August 2021. The note is used in the 23 countries which have the euro as their sole currency, with a population of about 343 million.
References
- ↑ "Exchangeable notes - De Nederlandsche Bank". De Nederlandsche Bank. 5 September 2021. Archived from the original on 5 September 2021. Retrieved 5 September 2021.
- ↑ Exchangeable notes - De Nederlandsche Bank [ dead link ]
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