Europe’s monetary authorities pressing ahead with the revision of the bills. Now a new 50-euro bill is presented. You can pay with it, however, not immediately.
European consumers must soon get used to a new 50-euro note. The second generation of euro banknotes since the introduction of the common European coins in 2002 gets re-growth. This Tuesday, the European Central Bank (ECB) the new Fifties in Frankfurt before he is to be put into circulation from the spring 2017th
What is different about the new bills?
New security features are difficult for counterfeiters money the craft. Previously fives, tens and twenties have been revised. The value of these notes is printed in each case as shiny “Emerald number” that changes color when inclining the bill something. The watermark shows a portrait of the Greek mythical figure Europe, the eponym of the new banknote series: “European Series”. At twenty-euro bill, the monetary authorities also came up with a novelty: In the hologram of the banknote a portrait window is integrated. Holding the 20s up to the light, it is transparent and can be seen from both sides of a portrait of Europe.
If the bills do not even painted?
The new fives and tens are with a special paint coated. The aim is to make the bills more durable – because especially small bills change hands. “The experience to date suggest that the life of the euro banknotes has actually increased by the coating,” accounted for the Bundesbank. The production of a bill costing eight to nine cents on average.
Why get consumers the new 50s not already?
First, get banks and retailers the opportunity, equipment and personnel to dealing prepare the retreaded bills. Even machines need to be adjusted accordingly. With the new five there had been in May 2013 initially problems: Many machines in Europe consumers could not pay their ticket or parking ticket so because the software of the machine had not been changed in time
Which bills of. new euro banknote series has been around?
Since 2 May 2013 the retreaded five in circulation, on September 23, 2014 followed by the number, on 25 November 2015, the twenties. The old certificates will remain valid and will be gradually replaced by the central banks. This is relatively fast: At 20, for example, was already mid-January 2016 – ie almost two months after launch – well, every second bill (56 percent) is one of the new series. In March 2016 came to Bundesbank figures, 85 percent of the capital provided by commercial banks at the central bank 20-euro notes from the new “Europe series”.
Why monetary authorities operate as an expense?
criminals money counterfeiting is a lucrative business. Last year, so many Euro-flowers were taken out of circulation ever since the introduction of euro notes and coins in 2002 899 000 counterfeit notes were in the European Central Bank (ECB). Around eleven percent of them (95,357 pieces) discovered banking, trade and police in Germany – this was the highest level since the introduction of the single currency. Counterfeiters rely primarily on bank notes with higher value: Worldwide 2015 was every second Euro-flowering a twenty (51 percent), in Germany were 40 percent in this category. Most translated counterfeiters in Germany on the “wrong Fuffziger”: Almost half of counterfeit bill was a fifty-euro banknotes (49 percent). 46 567 pieces
How likely is it, with counterfeit money in touch to come?
Despite the increase in numbers, it is relatively unlikely that a counterfeit is palmed. The ECB stressed: “Judging by the increasing number of genuine banknotes in circulation – more than 18 billion in the second half of 2015 – the proportion of counterfeits is still very low.” Theoretically accounted last year in Europe 27 counterfeit notes at 10 000, in Germany it was even only 12 banknotes per 10 000 inhabitants.
Feel tilt, see: How to detect counterfeit money immediately
Why was because decided to 500er abolish?
In early May decided by the Governing Council that the new “Europe Series” will include only six denominations. After 50 of the 100 and the 200-euro bill be reworked. The output of the 500-euro note to be adjusted “to the end of 2018″. Proponents hope to gain that terrorist financing and illicit work are suppressed. Whether that works, is controversial.
The outstanding 500 remain legal tender and should be unlimited exchangeable. ECB President Mario Draghi assured the end for the 500 had “nothing, absolutely nothing to do with the abolition or the possible abolition of cash.” The ECB has sovereignty over the bills in the currency area with now 19 member states. In its supreme governing body, the Governing Council, a simple majority is enough for changes. Represented there are the six members of the Executive Board and the heads of central banks of the 19 euro countries.
No comments:
Post a Comment