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although Monaco, San Marino and the Vatican are not EU countries, they also use the euro because they used the French franc or Italian lira as their currency, and they are authorized to mint a small amount of their own euro coins. Some non EU countries and regions, such as Montenegro, Kosovo and Andorra, also use the euro as a payment tool

the euro is managed by the European central bank system, which is composed of the European Central Bank and the central banks of the euro area countries. The European Central Bank, headquartered in Frankfurt, Germany, has the power to formulate monetary policy independently. The central banks of euro zone countries participate in the printing, casting and issuing of euro notes and euro coins, and are responsible for the operation of the euro zone payment system

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since the establishment of the new euro, there are seven denominations of the euro notes, namely & # 8364; 5,€ 10,€ 20,€ 50,€ 100,€ 200 and 8364; 500 The first set of euro notes was issued from January 1, 2002 to May 1, 2013, and then replaced by Europa serial notes from May 2, 2013. Unlike coins, the design of paper money is the same throughout the eurozone

in order to make banknotes more rable and easier to identify by touch, the paper on which banknotes are printed is made of pure cotton fiber. The minimum size of euro notes is 120mm x 62mm, and the maximum size is 160mm x 82mm; Different notes use different themes to distinguish them

on January 13, 2014, the European Central Bank issued a new version of the 10 euro note sample, and the new version of the 10 euro note was put into circulation on September 23, 2014. The new 10 euro version carries a watermark on the image of the mythical figure Europa as a security mark. The portrait is taken from a 2000 year old antique vase in southern Italy. In addition to the portrait of Europa, the new banknotes also have other anti-counterfeiting marks

the denomination number printed on the front of the note will change from emerald to dark blue when viewed from the side. The edge of the note is set with raised ripples, which are printed with special materials and slightly thicker than other parts

in fact, the European Central Bank issued a new version of 5 euro notes in 2013, followed by a new version of 10 euro notes. One of the purposes of the new version is to improve the service life of the notes, facilitate people to withdraw money or pay money in ATMs and vending machines, and avoid the situation that the notes cannot be recognized by old machines

all euro notes bear the signature of the president of the European Central Bank. So when a new ECB president takes office, the signature on the euro note changes. So far, the euro notes have the signatures of three different governors. To prevent counterfeiting, the EU plans to introce a new set of banknotes every seven or eight years

the second set of banknotes was originally planned to be launched in 2010, but later was postponed to May 2, 2013. It is expected that a new set of banknotes will graally replace the old ones in the next few years