The new banknotes of 100 and 200 euro come into circulation this Tuesday

After the notes of 5, 10, 20 and 50 euros, it is the turn of larger denominations of a makeover. Presented in September by the European Central Bank (ECB), the

The new banknotes of 100 and 200 euro come into circulation this Tuesday

After the notes of 5, 10, 20 and 50 euros, it is the turn of larger denominations of a makeover. Presented in September by the European Central Bank (ECB), the banknotes of 100 and 200 euros are put into circulation this Tuesday, may 28. They conclude the series "Europa", since the ECB had decided in 2016 to stop the end of 2018 the issue of banknotes of 500 euros. Alone, the notes of 100 euros represent 23% of the value of the denominations in circulation on the continent. The banknotes of 200 euros, they are much more rare (1% of the cuts in total).

cutting-edge devices for anti-counterfeiting

The goal of the new notes is to prevent counterfeiting. By incorporating elements of new security, such as a hologram satellite, such notes will be more secure. A portrait of the "princess of Europe", a character of Greek mythology who gave his name to the series of the new notes, is integrated into a transparent window, which itself is located in a band of metal to the right of the ticket. Each new cut-off in paper also includes the number 100, or 200 printed in emerald green and accompanied by small symbols of the euro, in a material that changes color when the note is tilted, an effect that no ticket is tampered with it cannot really imitate, according to the ECB.

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Representative to date 23% of the total value of banknotes in circulation in the euro area, the ticket of 100 euros is "not a niche product, neither for the rich, it is a post important to our daily lives," insists Yves Mersch, member of the executive board of the ECB. The ticket of 200 euros, more rare, represents 4% of the value of banknotes in circulation among the 19 countries of the economic region.

These new notes will now have the same height as those of 50 euros, simplifying the handling and treatment of machines. They will also be "better suited to the portfolios" and "will last longer, because they will be less subject to wear and tear," says the ECB.

Updated Date: 29 May 2019, 00:00

Kathleen Lees

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