We will pay with new euro banknotes. See what they look like

The European Central Bank has gradually started issuing a series of new banknotes and its introduction took several years. The first four banknotes in the new series, valued at 5, 10, 20 and 50, were put into circulation by the bank in 2013, 2014, 2015 and 2017.

On Monday 17 September 2018, the European Central Bank (ECB) officially presented the € 100 and € 200 cash, starting on 28 May 2019. By completing these banknotes, the ECB has completed a series of Europe. At the same time, the ECB decided Pause printing of € 500 banknotesalthough the first version is still valid.

Original series of banknotes

The first series of euro banknotes will be issued together with the Europa series until the remaining stocks are exhausted and the banknotes will be canceled. The date on which the first series of euro banknotes becomes legal tender is announced in advance. However, the banknotes of the first series retain their value forever, so that they can be redeemed at individual national central banks for an unlimited period of time.

A new series of banknotes

The new series of banknotes is called Europe, because two of its security features include a portrait of Europe, a figure from Greek mythology. This portrait is of course also linked to the name of the continent itself, but it is supposed to deliver the banknotes of "humanity". The image of Europe comes from a vase in Louvre, Paris.

The ECB and the national central banks of the Eurosystem are responsible for the integrity of euro banknotes. That is why they have created a second series of euro banknotes with enhanced security features that ensure the protection of banknotes and maintain public confidence in the menu. New euro banknotes benefit from the benefits of new technologies for making money, and new security features offer better protection against counterfeiting.

The Eurosystem's R & D strategy states that euro banknotes must have "self-defense", making it more difficult for counterfeiters. Banks, professional cash handlers and the public must be able to recognize counterfeit banknotes; thus contributing to the support of the Eurosystem's anti-forgery strategy.

New euro banknotes are also more robust than the first series. This means that banknotes have to be exchanged less often, which reduces costs and environmental impact. This is important, especially for smaller banknotes that are more in circulation and pass through the hands of multiple users.

source: noviny.sk/ecb.europa.eu

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