§ Lord Marlesfordasked 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]
§ Lord McIntosh of HaringeyThe 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.
36WA
Highest value banknote Sterling value (rounded to the nearest £5) Belgium BEF 10,000 165 Denmark DKK 1,000 90 Germany DEM 1,000 345 Greece GRD 10,000 20 Spain ESP 10,000 40 France FRF 500 50
Highest value banknote Sterling value (rounded to the nearest £5) Ireland IEP 100 85 Italy ITL 500,000 175 Luxembourg LUF 5,000 85 Netherlands NLG 1,000 305 Austria ATS 5,000 245 Portugal PTE 10,000 35 Finland FIM 1,000 115 Sweden SEK 1,000 75 United Kingdom GBP 50 50