ECB unveils higher security 100 and 200euro notes

Mon 17 Sep 2018 at 19:06 International

NNA - The European Central Bank on Monday unveiled new versions of the 100- and 200-euro banknotes, saying new security features would make them harder to counterfeit.


Like other second-generation notes in the "Europa" series introduced since 2013, the new paper money includes different holograms in a silver strip and an "emerald number" showing the denomination -- this time in an enhanced form with small euro symbols inside the numerals.


Designers also reduced the notes' height to match the 50-euro version.


That leaves the length of the paper as the only size difference between denominations, with longer notes bearing a higher value.


The green 100-euro banknotes represent some 23 percent of the value of euro paper money in circulation, ECB board member Yves Mersch told reporters in Frankfurt, making them "not just a niche product and also not just a rich (person's) product."


Before the new notes are introduced on May 28 next year, more than one million ATM machines must be updated to take account of the changes.


While national central banks in the 19-nation eurozone are responsible for their own coins, the ECB designs and issues all the banknotes for the single currency area.--AFP


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