100 euro note explained

Country:European Union[1]
Denomination:One hundred euros
Value:100
Unit:euros
Width Mm:147
Height Mm:82 (1st series)
77 (Europa series)[2]
Colour:Green[3]
Security Features:A hologram patch with perforations, a EURion constellation, watermarks, microprinting, ultraviolet ink, raised printing, a security thread, matted surface, see-through number, colour-changing ink, barcodes and a serial number
Paper Type:Cotton fibre[4]
Years Of Printing:1999–2018 (1st series)[5]
Since 2018 (Europa series)
Obverse:The Europa series 100 € obverse side.jpg
Obverse Design:Window in the baroque and rococo style.[6]
Obverse Designer:Robert Kalina[7]
Obverse Design Date:17 september 2018
Reverse:The Europa series 100 € reverse side.jpg
Reverse Design:Bridge in the baroque and rococo style and map of Europe.
Reverse Designer:Robert Kalina
Reverse Design Date:17 september 2018

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 its cash form) in 2002.[8] The note is used daily by some 343 million Europeans and in the 25 countries which have it as their sole currency (with 23 legally adopting it).[9] In July 2023, there were approximately 3 942 000 000 hundred euro banknotes in circulation in the eurozone. It is the third most widely circulated denomination, accounting for 13.3% of the total banknotes.[10]

It is the third largest note, measuring × and has a green colour scheme.[6] The hundred euro notes depict bridges and arches/doorways in the baroque and rococo style (17th and 18th centuries). The hundred euro note contains several complex security features such as watermarks, invisible ink, holograms and microprinting that document its authenticity.

The new banknotes of the Europa series 100 euro banknote were released on 28 May 2019.[11]

History

See main article: History of the euro. The euro was founded on 1 January 1999, when it became the currency of over 300 million people in Europe. For the first three years of its existence it was an invisible currency, only used in accountancy. euro cash was not introduced until 1 January 2002, when it replaced the national banknotes and coins of the countries in eurozone 12, such as the French franc and the Spanish peseta.

Slovenia joined the eurozone in 2007,[12] Cyprus and Malta in 2008,[13] Slovakia in 2009,[14] Estonia in 2011,[15] Latvia in 2014,[16] Lithuania in 2015[17] and Croatia in 2023.[18]

The changeover period

The changeover period during which the former currencies' notes and coins were exchanged for those of the euro lasted about two months, going from 1 January 2002 until 28 February 2002. The official date on which the national currencies ceased to be legal tender varied from member state to member state.[5] The earliest date was in Germany, where the mark officially ceased to be legal tender on 31 December 2001, though the exchange period lasted for two months more. Even after the old currencies ceased to be legal tender, they continued to be accepted by national central banks for periods ranging from ten years to forever.[19]

Changes

Notes printed before November 2003 bear the signature of the first president of the European Central Bank, Wim Duisenberg, who was replaced on 1 November 2003 by Jean-Claude Trichet, whose signature appears on issues from November 2003 to March 2012. Notes issued after March 2012 bear the signature of the third president of the European Central Bank, Mario Draghi.

Two series of euro notes are in circulation together. The European Central Bank will, in due course, announce when banknotes from the first series are to lose legal tender status.[20]

The first series notes do not reflect the expansion of the European Union: Cyprus is not depicted on these notes as the map does not extend far enough east, and Malta is also missing as it does not meet the current series' minimum size for depiction.[21] The second series of banknotes has now been issued, with new production and anti-counterfeiting techniques, but the design is of the same theme and colours identical to the first series; bridges and arches. However, they are still recognisable as a new series.[22]

Design

The one hundred euro note measures at × and has a green colour scheme. All bank notes depict bridges and arches/doorways in a different historical European style; the hundred euro note shows the baroque and rococo style (17th and 18th centuries). Although Robert Kalina's original designs were intended to show real monuments, for political reasons the bridge and art are merely hypothetical examples of the architectural era.[23]

Like all euro notes, it contains the denomination, the EU flag, the signature of the president of the ECB and the initials of said bank in different EU languages, a depiction of EU territories overseas, the stars from the EU flag and twelve security features as listed below.

Security features (first series)

The hundred euro note is protected by:

Security features (Europa series)

The 100 euro notes are made of pure cotton fiber, which improves their durability as well as giving the banknotes a distinctive feel.[4] The printer code is positioned at the right of 9 o'clock star.[29]

Circulation

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 euro area.

In December 2022, there were 3 928 099 612 hundred euro banknotes in circulation around the euro area,[30] with a total value of 392 809 961 200 €.

This is a net number, i.e. the number of banknotes issued by the eurosystem central banks, without further distinction as to who is holding the currency issued, thus also including the stocks held by credit institutions.

Besides the date of the introduction of the first set to January 2002, the publication of figures is more significant through the maximum number of banknotes raised each year. The number is higher the end of the year.

The figures are as follows:

DateBanknotes€ ValueDateBanknotes€ Value
January 2002December 2010
December 2002December 2011
December 2003December 2012
December 2004December 2013
December 2005December 2014
December 2006December 2015
December 2007December 2016
December 2008December 2017
December 2009December 2018

On 28 May 2019, a new 'Europe' series was issued.

The first series of notes were issued in conjunction with those for a few weeks in the series 'Europe' until existing stocks are exhausted, then gradually withdrawn from circulation. Both series thus run parallel but the proportion tends inevitably to a sharp decrease in the first series.

DateBanknotes€ ValueSeries '1' remainder
€ ValueProportion
December 201982.6%
December 202067.1%
December 202156.1%
December 202246.2%

The latest figures provided by the ECB are the following :

Legal information

Legally, both the European Central Bank and the central banks of the eurozone countries have the right to issue the 7 different euro banknotes. In practice, only the national central banks of the zone physically issue and withdraw euro banknotes. The European Central Bank does not have a cash office and is not involved in any cash operations.

Tracking

There are several communities of people at European level, most of which is EuroBillTracker,[31] that, as a hobby, it keeps track of the euro banknotes that pass through their hands, to keep track and know where they travel or have traveled.[31] The aim is to record as many notes as possible in order to know details about its spread, like from where and to where they travel in general, follow it up, like where a ticket has been seen in particular, and generate statistics and rankings, for example, in which countries there are more tickets.[31] EuroBillTracker has registered over 176 million notes as of May 2018,[32] worth more than 3.257 mld. euros.[32]

Notes and References

  1. [Institutions of the European Union|Institutions]
  2. Web site: ECB: Security Features. 22 October 2011. European Central Bank. ecb.int. 2002. https://web.archive.org/web/20120830025720/http://www.ecb.int/euro/html/security_features.en.html. 2012-08-30. dead.
  3. Web site: The Euro Banknotes. European Central Bank. European Central Bank. 2008. 13 october 2011. 28 may 2013. https://web.archive.org/web/20130528023550/http://www.ecb.int/euro/html/eurocoins.en.html. dead.
  4. Web site: ECB: Feel. 9 October 2011. European Central Bank. European Central Bank. 2002. https://web.archive.org/web/20111021234601/http://www.ecb.int/euro/banknotes/security/feel/html/index.en.html. 2011-10-21. dead.
  5. Web site: ECB: Introduction. ECB. ECB. 12 November 2020 . 21 October 2011 .
  6. Web site: ECB: Banknotes. European Central Bank. European Central Bank. 2002. 13 October 2011.
  7. Web site: ECB: Banknotes design. ECB. ECB. 13 October 2011. February 1996.
  8. News: Witnessing a milestone in European history. Back Issue. The Herald. 1 January 2002. 23 October 2011. 1 August 2018. https://web.archive.org/web/20180801190239/http://pqasb.pqarchiver.com/smgpubs/access/97637858.html?dids=97637858:97637858&FMT=ABS&FMTS=ABS:FT&type=current&date=Jan+01,+2002&author=Alf+Young;+on+Tuesday&pub=The+Herald&desc=Witnessing+a+milestone+in+European+history&pqatl=google. dead.
  9. Web site: ECB Statistical Data Warehouse,Reports>ECB/Eurosystem policy>Banknotes and coins statistics>1.Euro banknotes>1.1 Quantities. ECB. European Central Bank.
  10. https://www.ecb.europa.eu/press/pr/date/2018/html/ecb.pr180917.en.html ECB unveils new €100 and €200 banknotes
  11. Web site: Slovenia joins the euro area - European Commission . European Commission . 16 June 2011 . 6 August 2013 . dead . https://web.archive.org/web/20130911232930/http://ec.europa.eu/economy_finance/focuson/focuson9120_en.htm . 11 September 2013 .
  12. News: Cyprus and Malta adopt the euro - BBC NEWS . BBC News . 1 January 2008 . British Broadcasting Corporation . 6 August 2013.
  13. News: Slovakia Joins Decade-Old Euro Zone - Businessweek . https://archive.today/20130806122707/http://www.businessweek.com/stories/2008-12-31/slovakia-joins-decade-old-euro-zonebusinessweek-business-news-stock-market-and-financial-advice . dead . August 6, 2013 . Bloomberg Businessweek . 31 December 2008 . Bloomberg . 6 August 2013 . Kubosova, Lucia.
  14. News: Estonia to join euro zone in 2011 . RTÉ News . 13 July 2010 . Radió Teilifís Éireann . 6 August 2013.
  15. Web site: Latvia Gets Green Light to Join Euro Zone -WSJ.com . Wall Street Journal . Wall Street Journal . 9 July 2013 . 31 July 2013 . Van Tartwijk, Maarten . Kaza, Juris.
  16. Web site: Lithuania joins the euro area. European Central Bank. January 2015. 2016-09-15.
  17. Web site: Croatia joins the euro area. European Central Bank. January 2023. 2023-09-10.
  18. Web site: Press kit - tenth anniversary of the euro banknotes and coins . Central Bank of Ireland . ECB . 2011 . 21 August 2012 . 14 November 2012 . https://web.archive.org/web/20121114220243/http://www.centralbank.ie/about-us/Documents/PRESSKIT%20-%2010th%20anniversary%20of%20the%20euro.pdf . dead .
  19. Web site: ECB Monthly bulletin- August 2005 - THE EURO BANKNOTES: DEVELOPMENTS AND FUTURE CHALLENGES . ecb.int . ECB . August 2005 . 21 August 2012 . 43, section 'THE SECOND SERIES OF EURO BANKNOTES'.
  20. Web site: The Euro: Banknotes: Design elements. 2009-07-05. European Central Bank. European Central Bank. The banknotes show a geographical representation of Europe. It excludes islands of less than 400 square kilometres because high-volume offset printing does not permit the accurate reproduction of small design elements..
  21. http://www.dnb.nl/dnb/home?lang=en&id=tcm:47-150696-64 The life cycle of a banknote
  22. News: Money talks - the new Euro cash. December 1996. 13 October 2011. BBC News.
  23. Web site: ECB: Security Features. ECB. ECB. 11 September 2018.
  24. Web site: ECB:Tilt. ECB. ecb.int. 1 January 2002. 22 October 2011. https://web.archive.org/web/20121019082551/http://www.ecb.int/euro/banknotes/security/tilt/html/index.en.html. 2012-10-19. dead.
  25. Web site: ECB: Feel. ECB. ecb.int. 1 January 2011. 22 October 2011. https://web.archive.org/web/20111021234601/http://www.ecb.int/euro/banknotes/security/feel/html/index.en.html. 2011-10-21. dead.
  26. Web site: ECB: Additional features. ECB. ecb.int. 1 January 2002. 22 October 2011. https://web.archive.org/web/20111023172924/http://www.ecb.int/euro/banknotes/security/additional/html/index.en.html. 2011-10-23. dead.
  27. Web site: ECB: Look. ECB. ecb.int. 1 January 2002. 22 October 2011. https://web.archive.org/web/20111023172929/http://www.ecb.int/euro/banknotes/security/look/html/index.en.html. 2011-10-23. dead.
  28. Web site: EuroTracer - Information Notes . eurotracer.net . EuroTracer . 2002 . 9 January 2012.
  29. Web site: ECB: Circulation. ECB. 7 May 2022. European Central Bank.
  30. Web site: EuroBillTracker - About this site . 1 January 2002 . 21 October 2011 . Philippe Girolami, Anssi Johansson, Marko Schilde . EuroBillTracker . https://web.archive.org/web/20130507044301/http://en.eurobilltracker.com/about/ . 7 May 2013 . live .
  31. Web site: EuroBillTracker - Statistics. 1 January 2002. 21 October 2011. Philippe Girolami, Anssi Johansson, Marko Schilde . EuroBillTracker.