New €100 and €200 Banknotes Revealed
| 19 Sep 2018
The European Central Bank (ECB) this week unveiled the new €100 and €200 banknotes, which will enter into circulation on 28 May 2019.
After the €5, €10, €20 and €50, the €100 and €200 banknotes are the last two denominations of the Europa series, and therefore mark its completion.
In a press release on Monday the ECB says that the new €100 and €200 banknotes make use of new and innovative security features. Just like the other denominations, the new notes are easy to check when using the “feel, look and tilt” method. At the top of the silvery stripe a satellite hologram shows small € symbols that move around the number and become clearer under direct light. The silvery stripe also shows the portrait of Europa, the architectural motif and a large € symbol. The new €100 and €200 banknotes also feature an enhanced emerald number. While the emerald number itself is present on all the other notes of the Europa series, this enhanced version also shows € symbols inside the numerals.
The new €100 and €200 notes are a different size to the old €100 and €200 notes.
Both denominations are now the same height as the €50 banknote. However, their length remains unchanged – the longer the note, the higher the value. Since the €50, €100 and €200 banknotes are now the same height, they can be more easily handled and processed by machines. They will also fit better in people’s wallets and last longer, as they will be subject to less wear and tear.
In addition to the security features that can be seen with the naked eye, euro banknotes also contain machine-readable security features.
On the new €100 and €200 banknotes these features have been enhanced, and new ones have been added to enable the notes to be processed and authenticated swiftly. As Executive Board Member Yves Mersch highlighted in his speech unveiling the new banknotes, with the changeover to the new €100 and €200 the entire set of euro banknotes will continue to offer strong protection against counterfeiting. This makes euro banknotes even more secure, but also easier to check and handle.
The Eurosystem – the ECB and the 19 euro area national central banks – is supporting manufacturers and owners of banknote-handling machines and authentication devices in preparing for the new banknotes. This includes facilitating equipment testing and publishing a list of banknote-processing machines which have successfully demonstrated that they can process the new banknotes of the Europa series.
According to the BBC, 'Despite a rise in card transactions, the ECB said that the demand for cash had continued to grow. Since the introduction of the euro in 2002, the number of banknotes in circulation in the euro area has tripled and now stands at 21 billion while the value of banknotes has reached almost €1.2 trillion, the ECB said.'
Watch the unveiling ceremony here...
Article Sources:
https://www.ecb.europa.eu/press/pr/date/2018/html/ecb.pr180917.en.html
https://www.bbc.co.uk/news/business-45553129
SHARE THIS...
Back to news listings
