Banknotes of 5, 10, 20 and 50 euros have been preceded.
ECB experts are already examining the release of third generation banknotes to combat counterfeiting even more effectively.
New banknotes have new security features, such as the “hologram” in the top right corner. In a corner examination, small euro symbols, as well as the value of the bill, are visible. At the same time, the watermark depicting the Princess Europe is visible on both sides of the bill.
First and second-generation notes of EUR 100 and EUR 200, of course, retain their power, but will gradually be withdrawn from circulation.
The new features do not discourage professional counterfeiters. There are already fake second-generation 50-euro banknotes on the market with a hazy but watermark.
As the German Central Bank Bureau chairman Johannes Berman said in January, counterfeiters are targeting those who simply take a look at the banknote.
The quality of the fake is not that of the original, says a German politician and lawyer to add that little attention is enough to recognize a second-generation counterfeit bill.
Two seconds of careful observation deserve a lot of money, says the Bundesbank chairman, since fake banknotes and coins are not being replaced.
The banknote that is most crushed, even by a difference, is that of EUR 50, according to data from the German Central Bank. After the release of the second generation of 50-euro banknotes in April 2017, fake pennies dropped.
At the same time, counterfeit euro banknotes have been curtailed in the past, which shows that the ECB’s strategy lends itself. Police, shops and banks withdrew from circulation in the eurozone, according to ECB figures, a total of 563,000 counterfeit notes in 2018, which was 19% less than last year.
Damage from counterfeit notes reached € 31.5 million in 2018, while in 2017 it was estimated at € 36 million.
source – aftodioikisi.gr