The introduction of the euro – first as ‘book money’ in 1999 and later as physical notes and coins in 2002 – is one of the European Union’s crowning achievements. Euro notes and coins are now an integral part of people’s lives and a commercial reality.
Years of planning and preparation went into the euro’s design to find a good balance of aesthetic appeal, practical dimensions and security features – resulting in the seven banknotes and eight coins designed for the launch in January 2002.
The notes share the same designs across all countries in the euro area. The coins have a common design on one side and a country-specific design on the other.
The European Central Bank (ECB) has the exclusive right to authorise the issue of euro banknotes by the national central banks of the euro area. The responsibility for producing them and putting them into circulation is shared among national central banks. Coins are issued by euro area Member States in volumes approved each year by the ECB and production is entrusted to the national mints.
Greek and Latin inspiration
Like all currencies the euro has a name and a symbol:
All shapes and sizes
The different sizes and contrasting colours and relief patterns of euro banknotes help people – including the visually impaired – recognise the denominations. The notes come in 5-, 10-, 20-, 50-, 100-, 200- and 500-euro denominations. There are various security features in the notes, such as a watermark, security thread and hologram, to stop counterfeiters and help recognise a genuine banknote.
Advanced technical specifications were also developed for the coins, making illegal reproduction, especially for the 1- and 2-euro coins, extremely difficult. The eight denominations of coins vary in size, colour and thickness according to their values, which are 1, 2, 5, 10, 20 and 50 cents, and 1 euro and 2 euros.
The Europa series banknotes are to be introduced gradually over several years, in ascending order. The first banknote in the new series, the €5, started circulating on 2 May 2013.
The new euro banknotes benefit from advances in banknote technology. The new security features offer better protection against counterfeiting and make the banknotes even more secure.
The design of the Europa series is based on the “ages and styles” theme of the first series. However, the new banknotes have been visually modified in order to give them a fresh look and to accommodate the range of new and enhanced security features, which will also make it easy to differentiate between the two series.
For more information on the Europa series visit http://www.new-euro-banknotes.eu