Leaflet for Cash Handlers: Discover the New €50 Banknote

Total Page:16

File Type:pdf, Size:1020Kb

Leaflet for Cash Handlers: Discover the New €50 Banknote Banque Nationale de Belgique / THE EUROPA SERIES: GETTING READY THE EUROPA SERIES INTRODUCTION European Central Bank Nationale Bank van België Sonnemannstrasse 20, 60314 Frankfurt am Main, Germany Laurent De Nys Tel.: +49 69 1344 7455 Caisse Centrale / Hoofdkas Tél. / Tel. : +32 2 221 2578 Fax: +49 69 1344 7401 Télécopie / Fax : +32 2 221 3296 Is your equipment ready for the new €20? The new €5 and €10 Why new banknotes? E-mail: [email protected] [email protected] www.bnb.bg Retailers and others who use cash-handling machines and authentication It is very important that the security features of the banknotes are regularly Deutsche Bundesbank Eesti Pank Banc Ceannais na hÉireann / Externe Kommunikation Avalike suhete allosakond Central Bank of Ireland devices should ensure their equipment is adapted for the new €20 banknote updated and improved to make them more difficult to counterfeit. Wilhelm-Epstein-Straße 14 Estonia pst 13 Currency Planning & Logistics www.nbb.be www.cnb.cz 60431 Frankfurt am Main 15095 Tallinn Currency Issue Division before it enters into circulation in November 2015. The new €20 includes an innovative “portrait window” that becomes visible Tel.: +49 69 9566 3512 Tel: +372 668 0719 Currency Centre on both sides when the note is held against the light. Fax: +49 69 9566 3077 Faks: +372 668 0954 PO Box 61 www.bundesbank.de [email protected] [email protected] Sandyford To check whether your machines and devices can be upgraded to recognise Dublin 16 Phone: +353 1 219 8858 the new note, please ask your supplier. A list of the types of machines and The portrait in the new series is of Europa, a figure from Greek mythology and www.nationalbanken.dk www.eestipank.ee [email protected] devices that can be upgraded is available on the ECB’s website at the origin of our continent’s name. The depiction used on the Europa series Τράπεζα της Ελλάδος Banco de España Banque de France Υπηρεσία Τύπου Departamento de Emisión y Caja Direction des Activités Fiduciaires www.ecb.europa.eu/euro/cashprof/cashhand/devices/html/results.en.html banknotes comes from a vase over 2,000 years old originally found in southern www.bankofgreece.gr Ελ. Βενιζέλου 21 Alcalá, 48 Gestion des Contrefaçons et de la Italy and now shown in the Louvre museum in Paris. 102 50 Αθήνα 28014 Madrid Formation Tηλ.: +30 210 320 3447 Tel.: +34 91 338 5999 31, rue Croix des Petits Champs Remember that you can check the authenticity of all euro banknotes by using www.centralbank.ie www.bde.es Φαξ: +30 210 320 3922 Fax: +34 91 338 6887 75049 PARIS CEDEX 01 [email protected] [email protected] Phone : 33 1 42 92 94 92 the “Feel, Look and Tilt” method. Telecopie : 33 142 92 45 52 www.bancaditalia.it [email protected] Banca d’Italia Κεντρική Τράπεζα της Κύπρου Latvijas Banka Tiziana Torres Γραφείο Τύπου K. Valdemāra iela 2A www.banque-france.fr www.centralbank.gov.cy Servizio Cassa generale Λεωφόρος Κένεντυ 80 Rīga, LV-1050, Latvija BANCA D’ITALIA 1076 Λευκωσία Tālr.: +371 67022300 via Nazionale 91 Τηλ.: +357 22714465, +357 22714503 [email protected] www.hnb.hr 00184 Roma Φαξ: +357 22378151 Tel: +39 06 47924878 [email protected] Fax: +39 06 47923896 www.bank.lv www.lb.lt [email protected] Lietuvos bankas Banque centrale du Luxembourg Bank Ċentrali ta’ Malta / Gedimino pr. 6 Département Caisse et numismatique Central Bank of Malta www.mnb.hu LT-01103 Vilnius 2, boulevard Royal Clive Bartolo Tel. +370 5 268 0301 L-2983 Luxembourg Principal Communications Officer Faks. +370 5 268 0327 Tél. : +352 4774 4561 Pjazza Kastilja www.bcl.lu www.centralbankmalta.org [email protected] Télécopie : +352 4774 4962 Valletta VLT 1060 [email protected] Tel: +356 2550 3104/5 Fax: +356 2550 4950 www.oenb.at [email protected] De Nederlandsche Bank Oesterreichische Nationalbank Banco de Portugal Westeinde 1 Christian Gutlederer Gabinete de Comunicação Suspect banknotes www.dnb.nl www.nbp.pl 1017 ZN Amsterdam Pressesprecher Institucional Tel.: +31 (0)800 020 1068 (gratis) Otto-Wagner-Platz 3 Rua do Comércio, 148 If you handle large quantities of cash every day, you could come across a suspect [email protected] 1090 Wien 1100-150 Lisboa www.bnr.ro Tel: +43 1 404 20 6900 Tel.: +351 213 215 358 banknote. Though the risk is small, you are encouraged to familiarise yourselves Fax: +43 1 403 17 44 Fax: +351 213 464 843 with the information provided in the link below and/or contact your central bank. [email protected] [email protected] www.bportugal.pt www.nbs.sk Banka Slovenije Národná banka Slovenska Suomen Pankki / Finlands Bank Odnosi z javnostmi Tlačové a edičné oddelenie Viestintäyksikkö / www.new-euro-banknotes.eu/Euro-Banknotes/SUSPECT-BANKNOTES Slovenska 35 Imricha Karvaša 1 Kommunikationsenheten www.riksbank.se 1505 Ljubljana 813 25 Bratislava Snellmaninaukio / Snellmansplatsen Slovenija Tel.: +421 2 5787 2143 PL 160 / PB 160 Tel.: +386 1 47 19 153, +386 1 47 19 777 Fax: +421 2 5787 1128 00101 Helsinki / Helsingfors Please bear in mind that it is a criminal offence to pass on a banknote which you www.bof.fi www.bsi.si Faks: +386 1 47 19 724 [email protected] Puhelin / Telefon: +358 10 831 2626 Central Bank, 2015 QB-04-15-252-EN-N ISBN 978-92-899-1867-1 doi:10.2866/59931 © European [email protected] [email protected] believe or know is a counterfeit. DISCOVER www.bankofengland.co.uk Българска народна банка Sveriges riksbank Magyar Nemzeti Bank Тел.: (+3592) 91459 Tfn: +46 8 787 00 00 Tel.: (+36 1) 428-2751 THE NEW €20 BANKNOTE Факс: (+3592) 980-24-25 Fax: +46 8 21 05 31 Fax: (+36 1) 429-8000 [email protected] [email protected] [email protected] Danmarks Nationalbank Česká národní banka Banca Naţională a României Tlf.: 33 63 63 63 tel.: +420 224 411 111 Telefon: 021 313 04 10 Fax: 33 63 71 03 fax: +420 224 412 404 Fax: 021 312 38 31 [email protected] [email protected] [email protected] Narodowy Bank Polski Hrvatska narodna banka Bank of England www.new-euro-banknotes.eu tel. centrala: +48 22 185 10 00 Tel.: +385 1 45 64 576 Phone +44 (0)20 7601 4878 faks: +48 22 185 10 10 Faks: +385 1 45 90 314 Fax +44 (0)20 7601 5460 www.euro.ecb.europa.eu [email protected] [email protected] [email protected] THE €20 BANKNOTES THE SECURITY FEATURES OF THE NEW €20 BANKNOTE THE EUROPA SERIES: CHECKING WITH TOOLS Let’s compare Easy to check The new €20 under UV light Microprint on the new €20 Some areas of the banknote show a series of tiny letters. This microprint can 1 FEEL THE EUROPA SERIES €20 A be read with a magnifying glass. These letters are sharp, not blurred. Feel of the paper – Feel the banknote. It is crisp and firm. WHAT’S NEW Raised print – The main image, the lettering and the large value numeral feel thicker. What’s new There is a series of short raised lines on the left and right edges. Front Front Front 2 LOOK B Watermark – Look at the banknote against the light. A faint image showing the value of the banknote and the main image become visible. Under infrared light What’s new – Portrait watermark What’s new – Portrait window in the hologram Under infrared light, on the front of the banknote only the emerald number, A portrait of Europa is also visible. Against the light, the window near the top of the the right side of the main image and the silvery stripe are visible. On the back, hologram becomes transparent and reveals a portrait besides the window, only the value numeral and the horizontal serial number Front Back of Europa on both sides of the note. Back are visible. The paper itself does not glow. The new euro banknotes feature the “ages and styles” design of the first series and use the same predominant colours, but have been slightly modified to accommodate the A On the front, small fibres embedded in the paper appear. Each fibre shows enhanced security features. The notes also now take into account the countries that have joined the EU since 2002. For instance, the map of Europe shows Malta and Cyprus, three different colours. The stars in the EU flag, the small circles and some of “euro” is written in Cyrillic in addition to the Latin and Greek alphabets, and the initials of the ECB appear in nine – instead of five – linguistic variants. the large stars glow yellow. Several other areas also glow yellow. B On the back, a quarter of a circle in the centre glows green. The horizontal serial number and a stripe appear in red. THE FIRST SERIES €20 Front 3 TILT Under special ultraviolet light (UV-C) Hologram – Tilt the banknote. The silvery stripe on the right reveals the value of the banknote and the € symbol. What’s new – Emerald number What’s new – Portrait window in the hologram C This shiny number displays an effect The window near the top of the hologram of the light that moves up and down. shows a portrait of Europa. When the The number also changes colour banknote is tilted, the window also shows from emerald green to deep blue. rainbow-coloured lines around the value numeral. On the back, rainbow-coloured value numerals appear in the window. Back Front Front C On the front, the stars in the EU flag and the small circles glow yellow.
Recommended publications
  • Which Lender of Last Resort for the Eurosystem?
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Steiger, Otto Working Paper Which lender of last resort for the eurosystem? ZEI Working Paper, No. B 23-2004 Provided in Cooperation with: ZEI - Center for European Integration Studies, University of Bonn Suggested Citation: Steiger, Otto (2004) : Which lender of last resort for the eurosystem?, ZEI Working Paper, No. B 23-2004, Rheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI), Bonn This Version is available at: http://hdl.handle.net/10419/39595 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially
    [Show full text]
  • Ancient Coins
    ANCIENT COINS GREEK COINS 1. Satraps of Caria, Pixodorus (340-334 BC), gold hekte or stater, head of Apollo to r., rev. Zeus Labraundos standing to r. holding double axe and lotus-tipped sceptre, wt. 1.35gms. (Sear 4963; F.440), very fine and rare ⅙ $1000-1200 2. Kings of Lydia, temp. Alyattes-Kroisos, circa 610-546 BC, electrum ⅓ stater or trite, Sardes mint, head of roaring lion to r., rev. two incuse square punches, wt. 4.70gms. (GCV.3398; F.448), very fine $500-700 3. Bactria, Eucratides I (170-145 BC), tetradrachm, dr., cuir. bust r., wearing crested helmet adorned with bull’s horn and ear, rev. BAΣIΛEΩΣ MEΓAΛOY, Dioskouroi holding palm fronds and lances, on horses rearing r., monogram to lower r., in ex. ΕΥΚΡΑΤΙΔΟΥ, wt. 16.94gms. (Sear 7570), certified and graded by NGC as Choice About Uncirculated, Strike 5/5, Surface 4/5 $3200-3500 ANCIENT COINS 4. Kyrene, Kyrenaika (322-313 BC), gold stater, Magistrate Polianthes, KYPANAION, Nike driving quadriga r., sun above r., rev. Zeus stg. l. by thymiaterion, holding patera and sceptre, wt. 8.70gms. (BMC.117), flan a little irregular, extremely fine $4000-4500 5. Kingdom of Thrace, Koson, King of Scythians (died 29 BC), gold stater, c. 40-29 BC, consul between lictors, all togate, walking l., rev. eagle standing l., holding wreath in one claw, wt. 8.33gms. (GCV.1733), obverse struck off-centre, otherwise extremely fine $650-850 ANCIENT COINS ROMAN COINS 6. Roman Republic, C. Servilius (136 B.C.), silver denarius, helmeted head of Roma facing r., wearing a necklace, a wreath and mark of value (XVI monogram) behind, ROMA below, rev.
    [Show full text]
  • Euro Banknotes © Moneymuseum
    Euro Banknotes © MoneyMuseum A banknote is the ambassador of its country. It reflects the identity of the country, it represents its ethical and cultural values. That has to apply also to the Euro banknotes. Though Europe is an entity in which many different cultures try to cope with each other, but these cultures have a history of more than 2,000 years. That has to be documented on the Euro banknotes. But what do the Euro banknotes reflect? Have you ever carefully looked at one? Besides a map of Europe and a flag, there are bridges and some other platitudinous elements. The design was chosen because the commonplace does not pose any political problems. Read more about the image of the European Union that will be represented by the Euro banknotes here ... 1 von 6 www.sunflower.ch The euro banknotes The Council of Europe agreed on a common flag already in 1986 and wrote: "The number twelve is unchangeable, since it is the symbol for perfection and unity (e.g. the 12 apostles, the sons of Jacob, the legendary deeds of Hercules, the months of a year)." The number 12 supposedly also stands for the twelve member states of the European Union where the euro will be introduced on January 1, 2002. 4,000 years ago the number twelve was already used in Mesopotamia. The EU thus wanted to underline the fact that its roots go back far in time. Windows and gateways on the obverse of each banknote symbolize the spirit of openness and cooperation in the EU; the reverse of the bills feature bridges as metaphors for communication among the peoples of Europe.
    [Show full text]
  • The Road to the Euro
    One currency for one Europe The road to the euro Ecomomic and Financial Aff airs One currency for one Europe The road to the euro One currency for one Europe The road to the euro CONTENTS: What is economic and monetary union? ....................................................................... 1 The path to economic and monetary union: 1957 to 1999 ............... 2 The euro is launched: 1999 to 2002 ........................................................................................ 8 Managing economic and monetary union .................................................................. 9 Looking forward to euro area enlargement ............................................................ 11 Achievements so far ................................................................................................................................... 13 The euro in numbers ................................................................................................................................ 17 The euro in pictures .................................................................................................................................... 18 Glossary ........................................................................................................................................................................ 20 2 Idreamstock © One currency for one Europe The road to the euro What is economic and monetary union? Generally, economic and monetary union (EMU) is part of the process of economic integration. Independent
    [Show full text]
  • The Euro – the Beginning, the Middle … and the End?
    The Euro – the Beginning, the Middle … and the End? The Euro – the Beginning, the Middle … and the End? EDITED BY PHILIP BOOTH with contributions from philip booth francisco cabrillo juan e. castañeda john chown jamie dannhauser kevin dowd katja hengstermann bodo herzog andrew lilico patrick minford neil record pedro schwartz The Institute of Economic Affairs First published in Great Britain in 2013 by The Institute of Economic Affairs 2 Lord North Street Westminster London sw1p 3lb in association with Profile Books Ltd The mission of the Institute of Economic Affairs is to improve public understanding of the fundamental institutions of a free society, with particular reference to the role of markets in solving economic and social problems. Copyright © The Institute of Economic Affairs 2013 The moral right of the authors has been asserted. All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. A CIP catalogue record for this book is available from the British Library. ISBN 978 0 255 36680 9 eISBN 978 0 255 36683 0 Many IEA publications are translated into languages other than English or are reprinted. Permission to translate or to reprint should be sought from the Director General at the address above. Typeset in Stone
    [Show full text]
  • Economic and Monetary Union Legal and Political Texts
    General Secretariat of the Council of the European Union European Commission Economic and monetary union Legal and political texts June 2007 kg705290Int.indd 1 Black – Pantone C 19/07/07 12:54:07 Europe Direct is a service to help you nd answers to your questions about the European Union Freephone number (*): 00 800 6 7 8 9 10 11 (*) Certain mobile telephone operators do not allow access to 00 800 numbers or these calls may be billed. More information on the European Union is available on the Internet (http://europa.eu). Cataloguing data can be found at the end of this publication. Luxembourg: O ce for O cial Publications of the European Communities, 2007 ISBN 92-824-3259-9 © European Communities, 2007 Reproduction is authorised provided the source is acknowledged. Printed in Belgium PRINTED ON WHITE CHLORINE-FREE PAPER kg705290Int.indd 2 Black – Pantone C 19/07/07 12:54:09 Preface Economic and monetary union (EMU) in general, and the euro in particular, is designed to create the foundation for sustainable long-term economic growth by providing macroeconomic stability, while, at the same time, constituting a natural complement to Europe’s single market. e introduction of the single currency on January and the introduction of the euro banknotes and coins on January are two key events in the history of the European Union. Since the adoption of the euro by Slovenia on January , the euro area comprises Member States and counts a population of more than million who share the single currency and bene t from the euro.
    [Show full text]
  • Fact Sheet on the New €100 and €200
    THE NEW €100 AND €200 BANKNOTES ISSUANCE OF THE NEW €100 AND €200 BANKNOTES The new series of banknotes has been introduced gradually across the euro area over the past few years, in ascending order. The unveiling of the €100 and €200 at the ECB on 17 September 2018 will complete the Europa series. The new banknotes are planned to enter circulation on 28 May 2019. 02.05. 23.09. 25.11. 04.04. 28.05. 2013 2014 2015 2017 2019 WHY WE NEED NEW BANKNOTES Satellite hologram: this brand new feature can be found at the top of the silvery stripe. When you tilt the banknote, you can see small € symbols moving around the number. The € symbols become The ECB and the Eurosystem have a duty to safeguard the integrity of euro banknotes and continue to clearer under direct light. improve banknote technology. The Europa series offers better protection against counterfeiting, making euro banknotes even more secure. The new €100 and €200 banknotes benefit from the same security Emerald number: when you tilt the banknote, the shiny number in the bottom left corner displays an features as the €50 banknote, such as a portrait in the watermark and in the hologram, plus new and effect of the light that moves up and down, while the number changes colour from emerald green to upgraded ones that make them harder to counterfeit but still easy to check: deep blue. The new €100 and €200 banknotes also show € symbols inside the number. In addition to the security features for the public, the new banknotes contain new and upgraded features for authentication by machines and devices.
    [Show full text]
  • Foreign Demand for Euro Banknotes
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Lalouette, Laure et al. Research Report Foreign demand for euro banknotes ECB Occasional Paper, No. 253 Provided in Cooperation with: European Central Bank (ECB) Suggested Citation: Lalouette, Laure et al. (2021) : Foreign demand for euro banknotes, ECB Occasional Paper, No. 253, ISBN 978-92-899-4510-3, European Central Bank (ECB), Frankfurt a. M., http://dx.doi.org/10.2866/965881 This Version is available at: http://hdl.handle.net/10419/234494 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu Occasional Paper Series Laure Lalouette, Alejandro Zamora-Pérez, Foreign demand for euro banknotes Codruta Rusu, Nikolaus Bartzsch, Emmanuelle Politronacci, Martial Delmas, António Rua, Marco Brandi, Martti Naksi No 253 / January 2021 Disclaimer: This paper should not be reported as representing the views of the European Central Bank (ECB).
    [Show full text]
  • Trainer's Guide to the Euro Banknotes and Coins
    OUR Trainer’s Guide money to the euro banknotes and coins www.euro.ecb.int COnTenTs page IntroduCtIon . 3 EuroBAnKnotES General characteristics . 5 Key security features . 7 Additional security features . 12 EuroCoInS General characteristics and security features . 14 SuSPECt And dAMAGEd BAnKnotES Steps taken by the ECB and the national Central Banks . 16 Professional cash handlers’ re-circulation of banknotes . 17 What to do if you receive a suspect banknote . 18 What to do with mutilated or damaged banknotes . 19 BAnKnotE PrIntInG . 20 ContACt dEtAIlS . 22 inTrOduCTiOn the euro is the single currency for a large group of countries OUR in the European union, known as the euroarea . over 300 money million people in the euro area use euro banknotes and coins fortheir cash payments .Moreover, between 10% and 20% of eurobanknotes in circulation, in terms of value, areused outside the euro area . Inevitably, the currency’s importance and high international profile make it attractive forcounterfeiters .Although this threat has been contained, with high-techsecurity features making eurobanknotes secureand easytodistinguish from counterfeits,vigilanceis necessary . to discourage counterfeiting, professional cash handlers in banks,retail companies, restaurants and in other businesses where large amounts of cash are handled have to be familiar with euro banknotes and coins . this guide has been written for the trainers of those cash handlers .It provides essential information on the design and security features of euro banknotes and coins .the accompanying Cd-roM contains a PowerPoint presentation which can be tailored to the needs of the audience as well as an interactive presentation of the securityfeatures of the banknotes .Bothapplications can be used in training sessions or uploaded to your company’s intranet .
    [Show full text]
  • The Irish Pound from Origins To
    Quarterly Bulletin Spring 2003 The Irish Pound: From Origins to EMU by John Kelly* ABSTRACT The history of the Irish pound spans seventy-five years, from the introduction of the Saorsta´t pound in 1927 to the changeover to euro banknotes and coin in 2002. For most of this period, the Irish pound had a fixed link to sterling. It was only in the 1970s that this link was seriously questioned when it failed to deliver price stability. This article provides a brief overview of the pound’s origins, before looking in more detail at the questioning of the sterling link and events leading up to Ireland joining the EMS. Although early experiences in the EMS were disappointing, membership eventually delivered low inflation, both in absolute terms and relative to the UK, and laid the foundations for the later move to EMU. The path to EMU is followed in some detail. This covers practical preparations, assessment of benefits and costs and necessary changes in monetary policy instruments and legislation. Finally, the completion of the changeover encompasses the huge tasks of printing and minting sufficient amounts of euro cash, of distributing this to banks and retailers, and of withdrawing Irish pound cash, as well as the efforts of all sectors to ensure that the final changeover from the Irish pound to the euro was smooth and rapid. 1. Introduction The Irish pound ceased to be legal tender on 9 February 2002. This brought down the final curtain on a monetary regime which had its origins some 75 years earlier with the introduction of the Saorsta´t pound in 1927.
    [Show full text]
  • Information on the Euro the Euro Coins
    €1 = €1 = The European The national side of EEK EEK MORE side Estonia’s coins 15.6466 15.6466 OUR OUR money INFORMATION money ON THE EURO THE EURO COINS New Year’s Day 2011 will be a historic day for Estonia and for the For more information on the euro, The coins range from 1 cent to €2 in European Union. On this date Estonia will join Austria, Belgium, Cyprus, please contact Eesti Pank or the €2 value and each one has a “European” Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the European Central Bank. This leaflet is side and a “national” side. Netherlands, Portugal, Slovakia, Slovenia and Spain in the euro area and available in Estonian, Russian and English. The European side shows either the EU will adopt the euro as its currency. before its enlargement in May 2004 or This leaflet has been published jointly by Eesti Pank and the European Täpsemat teavet euro kohta jagavad a geographical image of Europe. ABOUT THE EURO Central Bank to introduce you to the new currency, which will become Eesti Pank ja Euroopa Keskpank. The national side varies from country part of your everyday life on 1 January 2011, when the seven euro Käesolev trükis on avaldatud eesti, vene to country. Despite these differences, banknotes and eight euro coins become legal tender in Estonia. ja inglise keeles. €1 you can use any euro coin anywhere in IMPORTANT INFORMATION You will still be able to pay with kroon banknotes and coins until 14 the euro area. January 2011. За более подробной информацией о евро Вы можете обратиться в Банк Banks in Estonia will exchange kroon banknotes and coins at the central Эстонии (Eesti Pank) или в exchange rate and free of charge until the end of June 2011.
    [Show full text]
  • Foreign Demand for Euro Banknotes Issued in Germany: Estimation Using Indirect Approaches
    Foreign demand for euro banknotes issued in Germany: estimation using indirect approaches Nikolaus Bartzsch (Deutsche Bundesbank) Gerhard Rösl (Regensburg University of Applied Sciences) Franz Seitz (Weiden University of Applied Sciences and WSB Poznan, Poland) Discussion Paper Series 1: Economic Studies No 21/2011 Discussion Papers represent the authors’ personal opinions and do not necessarily reflect the views of the Deutsche Bundesbank or its staff. Editorial Board: Klaus Düllmann Frank Heid Heinz Herrmann Karl-Heinz Tödter Deutsche Bundesbank, Wilhelm-Epstein-Straße 14, 60431 Frankfurt am Main, Postfach 10 06 02, 60006 Frankfurt am Main Tel +49 69 9566-0 Telex within Germany 41227, telex from abroad 414431 Please address all orders in writing to: Deutsche Bundesbank, Press and Public Relations Division, at the above address or via fax +49 69 9566-3077 Internet http://www.bundesbank.de Reproduction permitted only if source is stated. ISBN 978-3–86558–7– (Printversion) ISBN 978-3–86558–7– (Internetversion) Abstract In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in circulation in other euro-area countries. The analysis is based on approaches that estimate the volume of banknotes in circulation outside Germany indirectly. The observation period runs from 2002 to 2009. We discover that, at the end of 2009, a total of roughly two-thirds of Germany’s cumulated net issuance of euro banknotes was in circulation outside Germany. The lion’s share of roughly €160 billion was in non-euro-area countries, with the remaining €80 billion in other euro-area countries.
    [Show full text]