DNB and euro banknotes
You expect euro banknotes to be genuine, clean and undamaged. De Nederlandsche Bank (DNB) is committed to ensuring this. For example, we issue new banknotes. We also check used banknotes for counterfeits, damage and soiling. We are also closely involved in the design of new banknotes. Obviously, we also work to combat counterfeiting.
Euro banknotes and euro countries
We do not design, issue and check banknotes on our own. We work together with the European Central Bank (ECB) and the central banks of the other 18 euro countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Portugal, Slovakia, Slovenia and Spain.
Euro banknotes: 7 different denominations
Across the globe, some 22 billion euro banknotes are in circulation, with a total value of more than EUR 1,200 billion. 338 million Europeans in 19 euro countries use them. In the Netherlands, banknote circulation is between 300 and 400 million. There are seven different denominations: €5, €10, €20, €50, €100, €200 and €500. Each denomination has its own distinctive size, colour and design.Read more abouttheir design.
The ECB no longer issues €500 banknotes effective from 27 January 2019. They retain their value, however.Should you have any questions, please feel free to contact us.
Exchanging euro banknotes
You can exchange euro banknotes at DNB. For example, you can exchange one €100 banknote for five €20 notes. If their combined amount exceeds EUR 2,000, you should first send an exchange request by email to email@example.com
We handle all requests carefully, checking whether the banknotes are genuine and whether you are on any sanctions lists. We will also ask you:
- where the money comes from
- and why you are exchanging banknotes.
When we do not exchange your banknotes
We will only exchange your banknotes if all conditions are met. For example, we may decide to reject an exchange application if we have reason to believe that the money is related to a criminal offence, such as money laundering, theft or drug trafficking. You may lodge an objection against our decision.
Please note that we may be obliged to report suspect transactions to the Financial Intelligence Unit (FIU-NL).We may confiscate banknotes you submit if we suspect that the money is related to a criminal offence. We will then hand them over to the investigative authorities.