On July 5th, 2016, the European Central Bank (ECB), unveiled the new €50 of the Europa series. The new banknoteA banknote (or ‘bill’ as it is often referred to in the US) is a type of negotiable promissory note, issued by a bank or other licensed authority, payable to the bearer on demand. More is due to be released on April 4th, 2017. Yves Mersch, Executive Board member of the ECB said: “The gradual launch of the new euroThe name of the European single currency adopted by the European Council at the meeting held in Madrid on 15-16 December 1995. See ECU. More banknotes with new and enhanced features also underlines the Eurosystem’s commitment to cashMoney in physical form such as banknotes and coins. More as a trusted and efficient means of paymentA transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. More.”
The €50 is the most popular denominationEach individual value in a series of banknotes or coins. More in the Eurozone. In fact, 45% of all banknotes in circulation are €50s – more than the €5, €19 and €20 combined.
The new €50 has been designed to be more secure than its predecessor from the first Europa series – a means to continuously fight counterfeiters – and it will include a portrait window like the one in the new €20, a hologramA thin microscopic diffraction structure, that transmits or reflects light so a three-dimensional image can be seen. This image appears to move as the viewing orientation is changed. More, a watermarkA security feature used on most banknotes. It consists of variations in density and thickness created during the paper production, resulting in variations in their opacity. The combination of these variations forms an image embedded in the paper, which is visible with backlight. Due to its variations in thickness, the watermark also has a raised relief effect. More as well as a dynamic colour-shifting emerald number 50 on the frontFacade, face. See Obverse. More of the note.
The ECB launched a partnership programme with industrial partners to ensure a seamless transition to the new family member of the second Europa series.
To read the ECB’s official press release, please click here.
To find out more about the new Europa series, click here.
Photo credit: ECB