ecb touts security of new 50-euro notes - transparent window film
European Central Bank (ECB)
The new 50 was announced on Tuesday-
The euro notes, said they would help fight fraud and show their commitment to cash. "State-of-the-
"The Art security function helps protect our funds," ECB Executive Board member Yves Merch said in a statement . ". The new-look 50-
The euro note has a transparent window with a holographic portrait of Greek mythology character Europa and a so-
Known as "Emerald", when viewed at different angles, the color changes from green to blue.
Complex visual features like this should be able to identify counterfeit money faster and easier.
Since 2013, ECB officials have launched a new
Appearance of five versions, 10-and 20-euro notes. But the 50-
Euro notes are the most widely used notes, accounting for about 45% of the total number of existing euro notes, which means that the euro notes in circulation are more than the three smaller denominations combined.
Consumers won't be able to get them until April 2017, as many cash and vending machines need software updates before they recognize the new version.
Some machines do not recognize new ones. look five-
After the introduction of euro bonds in early 2013, there was no time to update all bonds.
Mersch, a member of the ECB's board of directors, spared no effort in his statement to describe cash as a "trustworthy and efficient means of payment", especially in Germany, regarding the possible cancellation of cash in the future.
The European Central Bank's decision to cancel its debt of 500 euros has come under fire.
The euro against violet-
The colored bill is favored by criminals for money laundering and even financing terrorism.
Bank will stop issuing 500
Although the euro notes currently in circulation will remain the legal currency, the euro notes will remain the legal currency around the end of 2018.
However, it is opposed to the abolition of 500-
The price of euro notes remains high, especially in Germany, where most people prefer to pay in cash, even for large items such as electronics.