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ECB Does Not Plan to Withdraw 100 and 200 Euro Banknotes by the End of 2025
The European Central Bank (ECB) has no intention of withdrawing the 100 and 200 euro banknotes from circulation by the end of 2025, despite rumors of potential changes to the eurozone’s monetary system. Regarding the 500 euro banknote, it was already discontinued in 2019 as part of efforts to combat financial crimes, including money laundering and terrorism financing. Nevertheless, it remains legal tender and can still be used or exchanged at banks without any time restrictions.
The Future of the Euro: New Banknotes and Digital Currency
Rather than phasing out existing denominations, the ECB is focusing on refreshing the design of euro banknotes. By 2026, a new series of banknotes is expected to be introduced, featuring modern designs inspired by nature, culture, and European values. This update will replace the current architectural themes and incorporate advanced security features through cutting-edge technologies. While the future of the 200 euro banknote remains uncertain, the 100 euro banknote, along with smaller denominations (5, 10, 20, and 50 euros), will continue to circulate.
At the same time, the ECB is working on a digital euro—a digital counterpart to the currency that is intended to complement, not replace, physical cash. This initiative is still in the planning phase, with implementation anticipated no earlier than 2026. The digital euro aims to modernize Europe’s payment system, enhancing its efficiency and security while ensuring accessibility for everyone, including those without internet access. The ECB stresses that the introduction of a digital currency will not eliminate physical banknotes; instead, both forms of money will coexist, giving citizens flexibility and choice.
Why Is This Happening?
The decision to phase out the 500 euro banknote in 2019 was driven by the need to curb illegal financial activities. Its high denomination made it convenient for transporting and storing large sums of cash, which attracted criminal organizations. The redesign of the remaining banknotes, however, is focused on bolstering their security and resistance to counterfeiting. As for the digital euro, its development reflects an effort to adapt to modern technological trends, such as the rise of cashless payments and potential blockchain systems, while keeping the ECB in control of the currency—unlike decentralized private cryptocurrencies.
Forecasts and Plans
At present, there are no official plans to withdraw the 100 and 200 euro banknotes by 2025. The ECB remains committed to preserving cash as a vital component of the economy. Even if certain denominations are phased out in the future (as occurred with the 500 euro), the process will be carefully managed to ensure that individuals can exchange old banknotes at banks without difficulty. Meanwhile, the digital euro is viewed as a forward-looking step toward a future where physical and digital currencies operate side by side.
In conclusion, those holding 100 and 200 euro banknotes need not worry about an imminent withdrawal—these notes will remain in circulation at least until the new series debuts in 2026. The ECB continues to strike a balance between maintaining the tradition of cash and embracing digital innovations, ensuring stability and convenience for all euro users.
