ECB read­ies new euro notes

Banking Frontiers - - News -

The Euro­pean Cen­tral Bank is com­ing out with new € 100 and €200 bank notes and the de­signs of these notes have been un­veiled. The new notes will come into cir­cu­la­tion in May 2019. Both the notes have new se­cu­rity fea­tures which are aimed at mak­ing them more dif­fi­cult to coun­ter­feit. They are smaller than the cur­rent ver­sions, mean­ing they will fit bet­ter into peo­ple’s wal­lets. The size meant the notes would also be han­dled eas­ier by ma­chines and sub­ject to less wear and tear, it said. The two notes are the last in the Europa se­ries, which fea­ture an im­age of the mytho­log­i­cal Greek fig­ure of that name. More than a mil­lion cash ma­chines would have to be adapted be­fore the new notes go into cir­cu­la­tion in the 19 coun­tries that use the shared cur­rency. The new notes are printed on pure cot­ton fi­bre pa­per and un­like the new Bank of Eng­land poly­mer notes do not con­tain traces of an­i­mal prod­ucts.

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