No. The largest commercial note is for 500 Euros.
Larger notes were not issued so as to make it more difficult to move large sums of money in cash rather than through the banking system - usually for illegal purposes.
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It is: 50,000,100 = fifty million and one hundred
One lakh is 100,000. There are ten lakhs in a million
Multiply by one million ! There are one million square metres in a square kilometre.
Divide by one million! Honest!