# 200 euro note

The two hundred euro note (€200) is the second highest value euro banknote (and the highest value euro banknote in production) and has been used since the introduction of the euro (in its cash form) in 2002. The note is used in the 25 countries (and Kosovo) that have it as their sole currency (with 24 legally adopting it), which countries have a total population of about 350 million currently. In July 2023, there were approximately 849 000 000 two hundred euro banknotes in circulation around the eurozone. It is the second least widely circulated denomination, accounting for 2.9% of the total banknotes.
It is the second-largest note, measuring 153 × 82 mm, and the first series has a yellow-brown color scheme and the second series has a brown color scheme. The note depicts bridges and arches/doorways in Art nouveau style (19th century). The €200 note contains several complex security features such as watermarks, invisible ink, holograms and microprinting that document its authenticity.
The design of the Europa series 200 euro banknote was revealed on 17 September 2018 and launched on 28 May 2019.

## History

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 Finnish markka.
In 2007, Slovenia was the first country to adopt the euro since the introduction of euro notes and coins in 2002, followed by Cyprus and Malta in 2008, Slovakia in 2009, Estonia in 2011, Latvia in 2014, Lithuania in 2015, with Croatia being the most recent country to join the eurozone in 2023.

### 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, 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. 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 after that. Even after the old currencies ceased to be legal tender, they continued to be accepted by national central banks for ten years or more.

### 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 ECB President Mario Draghi.
Until May 2013 there was only one series of euro notes, however a new series, similar to the first one, was planned to be released. The bank notes would be replaced in ascending order. Therefore, the first new note was the five-euro note that has been in circulation since 2 May 2013. Its new design was made public on 10 January 2013 in the Archaeological Museum of Frankfurt (Germany). While broadly similar to the previous notes, minor design changes include an updated map and a hologram of Europa. Moreover, the new notes reflect the expansion of the European Union; the previous issues do not include the members Cyprus and Malta (Cyprus is off the map to the east and Malta was too small to be depicted). It would be the first time in which the Bulgarian Cyrillic alphabet would be used on the banknotes as a result of Bulgaria joining the European Union in 2007. Therefore, the new series of Euro banknotes would include "ЕВРО", which is the Bulgarian spelling for EURO as well as the abbreviation "ЕЦБ" (short for Европейска централна банка in Bulgarian).
The design of the Europa series 200 euro banknote was revealed on 17 September 2018 and launched on 28 May 2019. Banknotes from the first series are legal tender and will always retain their value. They will continue to circulate alongside the Europa series until the remaining stocks have been used up.
From 2020, Christine Lagarde's signature would gradually begin to appear on banknotes entering circulation, becoming the fourth signature to appear on euro banknotes.

## Design

The €200 note measures 153 millimetres (6.0 in) × 82 millimetres (3.2 in) and has a yellow-brown color scheme. All euro banknotes depict bridges and arches/doorways, each in a different historical European style: the €200 note shows the Art Nouveau era (19th century). 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.
Like all euro notes, it contains the denomination, the EU flag, the signature of the president of the ECB and the initials of that bank in different EU languages, a map of Europe, a depiction of EU territories overseas, the stars from the EU flag and twelve security features as listed below.

### Security features (first series)

The €200 note is protected by:
* Colour changing ink used on the numeral located on the back of the note, that appears to change colour from purple to brown when the note is tilted.
* A see-through number printed at the top corner of the note, on both sides, appears to combine perfectly to form the value numeral when held against the light.
* A glossy stripe, at the back of the note, showing the value numeral and the euro symbol.
* A hologram: the hologram image changes between the value and a window or doorway, but in the background, rainbow-colored concentric circles of micro-letters appear, moving from the centre to the edges of the patch.
* A EURion constellation: this is a pattern of symbols found on a number of banknote designs worldwide since about 1996. It is added to help software detect the presence of a banknote in a digital image.
* Watermarks, which appear when held up to the light.
* Raised printing: in the main image, the lettering and the value numerals on the front of the banknotes will be raised.
* Ultraviolet ink; the paper itself does not glow, fibers embedded in the paper appear, and are coloured red, blue and green: the EU flag is green and has orange stars, the ECB President's, currently Mario Draghi's, signature turns green, the large stars and small circles on the front glow and the European map, a bridge and the value numeral on the back appear in yellow.
* Microprinting: on various areas of the banknotes there is microprinting, for example, inside the "ΕΥΡΩ" (EURO in Greek characters) on the front. The micro-text is sharp, not blurred.
* A security thread, embedded in the banknote paper. The thread will appear as a dark stripe when held up to the light. The word "EURO" and the value is embedded in tiny letters on the thread.
* Perforations in the hologram which will form the euro symbol. There are also small numbers showing the value.
* A matted surface; the note paper is made out of pure cotton, which feels crisp and firm, not limp or waxy.
* Barcodes,
* A serial number.

### Security features (Europa series)

In addition to the previous series' features the Europa series include a "Satellite Hologram" which shows two small € symbols that circle the denomination number when the banknote is tilted.

## Circulation

The European Central Bank is closely monitoring 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 852,106,913 two-hundred-euro banknotes in circulation around the euro area for €170,421,382,600.
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, except for this note in 2008, 2010, 2012 and 2015.
The figures are as follows:
| Date | Banknotes | € Value | Date | Banknotes | € Value |
| January 2002 | 75,421,757 | 15,084,351,400 | July 2010 | 181,858,874 | 36,371,774,800 |
| December 2002 | 120,848,425 | 24,169,685,000 | December 2011 | 181,310,811 | 36,262,162,200 |
| December 2003 | 135,427,641 | 27,085,528,200 | July 2012 | 186,993,311 | 37,398,662,200 |
| December 2004 | 143,140,953 | 28,628,190,600 | December 2013 | 198,885,476 | 39,777,095,200 |
| December 2005 | 148,773,663 | 29,754,732,600 | December 2014 | 203,899,589 | 40,779,917,800 |
| December 2006 | 152,824,231 | 30,564,846,200 | July 2015 | 207,347,096 | 41,469,419,200 |
| December 2007 | 155,685,857 | 31,137,171,400 | December 2016 | 233,613,819 | 46,722,763,800 |
| November 2008 | 171,129,645 | 34,225,929,000 | December 2017 | 246,699,262 | 49,339,852,400 |
| December 2009 | 178,236,652 | 35,647,330,400 | December 2018 | 255,696,896 | 51,139,379,200 |
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.
| Date | Banknotes | € Value | Series '1' remainder | € Value | Proportion |
| December 2019 | 412,700,600 | 82,540,120,000 | 259,859,053 | 51,971,810,600 | 63.0% |
| December 2020 | 652,790,496 | 130,558,099,200 | 257,177,851 | 51,435,570,200 | 39.4% |
| December 2021 | 872,033,157 | 174,406,631,400 | 256,608,972 | 51,321,794,400 | 29.4% |
| December 2022 | 852,106,913 | 170,421,382,600 | 193,403,100 | 38,680,620,000 | 22.7% |
The latest figures provided by the ECB are the following:
| Date | Banknotes | € Value | Series '1' remainder | € Value | Proportion |
| July 2023 | 849,286,645 | 169,857,329,000 | 179,195,514 | 35,839,102,800 | 21.1% |

## Legal information

Legally, both the European Central Bank and the central banks of the eurozone countries have the right to issue the seven 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 in Europe, in particular EuroBillTracker, who, as a hobby, track the euro banknotes that pass through their hands, recording where they travel. The aim is to record as many notes as possible to know details about their spread, i.e. where the notes travel, and generate statistics and rankings: for example, in which countries there are more tickets. EuroBillTracker has registered over 180 million notes as of September 2018, worth more than €3.3 billion.