ECB readies new euro notes
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.