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Banknotes: European Union

Volume 593: debated on Thursday 3 September 1998

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asked Her Majesty's Government:What is the face value of the highest value banknote currently in circulation in each of the countries in the European Union (indicating in each case the sterling equivalent value at current exchange rates); and what face value is planned for the highest value euro note. [HL 3229]

The face value of the highest value banknotes in circulation at May 1998 in each of the European Union countries is set out in the table below. The table also shows, rounded to the nearest £5, the sterling equivalent value at the market exchange rate as at 31 July 1998.It has been agreed that the highest value euro bank note will be a 500 euro note.

Highest value banknoteSterling value (rounded to the nearest £5)
BelgiumBEF10,000165
DenmarkDKK1,00090
GermanyDEM1,000345
GreeceGRD10,00020
SpainESP10,00040
FranceFRF50050

Highest value banknote

Sterling value (rounded to the nearest £5)

IrelandIEP10085
ItalyITL500,000175
LuxembourgLUF5,00085
NetherlandsNLG1,000305
AustriaATS5,000245
PortugalPTE10,00035
FinlandFIM1,000115
SwedenSEK1,00075
United KingdomGBP5050