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New Series of Euro Banknotes as from 2013

Started by chrisild, July 23, 2008, 04:05:05 PM

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Yes, it's me again, talking to myself ;) But hopefully others will find this interesting too ... Judging from the photos of the new notes that I have seen so far, and according to a reply that I got from the ECB, the initial letter of the serial number will refer to the printer and correspond to the short code. An example:

In the "old" system, a euro note printed in Spain (by the FNMT) and commissioned by the Banco de España has a short code (the tiny printer code on the obverse) that starts with M. The serial number on the reverse, however, starts with a V. Or take a note printed by Giesecke & Devrient and commissioned by the Deutsche Bundesbank: printer code P, serial number starts with X.

On the new Europa notes, however, the two will always be identical:
* short code "Z..." / serial number "ZA...", "ZB...", etc. > NBB-BNB, Belgium
* short code "V..." / serial number "VA...", "VB...", etc. > FNMT, Spain

Thus the serial number will not refer to the commissioning central bank any more. Instead, it indicates where the note was produced.



On Thursday (2 May) you can watch a webcast of the "launch event" in Bratislava:

14.30 h: The ECB President and Vice-President explain the Governing Council's monetary policy decisions and answer journalists' questions (Flash video and MP4 streaming)
16.00 h: Live webcast of the launch of the Europa series €5 banknotes event

(Start times are Central European Summer Time.)



New 5 Euro Banknote Causes Vending Machine Woes

Issue Date: Vol. 53, No. 6, June 2013, Posted On: 5/24/2013   

FRANKFURT, Germany -- A new €5 banknote loaded with advanced security features entered circulation on May 2, accomplishing the European Central Bank's mission to deter counterfeiters, but causing major headaches for vending machine operators.

European newspapers are reporting that payment systems for vending machines, gasoline pumps and parking garages, among self-service environments, are reportedly rejecting as many as 90% of the new bills.

The redesigned banknote, intended to deter counterfeiting, marks the first change to the euro's paper currency since its 2002 introduction. It features an enhanced watermark and a hologram with a portrait of the Greek goddess Europa. Additionally, the number 5 in one corner of the bill changes from green to blue when passed in front of a light. There are approximately 1.6 billion €5 notes in circulation at any given time, according to the ECB.

The ECB says it alerted European vending machine manufacturers five years ago that they would have to update the software used in optical readers on their equipment for the new bills. The bank also said it met with industry groups including the European Vending Association and the Banknote Equipment Manufacturers Association and was in close communication with them during testing of the banknote's final design.

An ECB spokesman said the central banks are urging operators to update their vending machines, but are not in a position to force them to do so.

Meanwhile, new versions of the €10, €20, and other higher-denomination notes are set to be rolled out during the coming months, and they will have similar security features.

Source: Vending Times
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.


Sounds like what we went through between the euro introduction in 1999 and the cash introduction in 2002. "Pah, why update now, still plenty of time" etc. etc.

If you buy a Deutsche Bahn train ticket, for example, most machines handle the new fivers without problems. According to the railway company, it is one of the machine manufacturers (ICA, or rather two of the software companies that ICA works with) that delivered the required softwares late. The others seem to work OK.

QuoteEuropean newspapers are reporting that payment systems for vending machines, gasoline pumps and parking garages, among self-service environments, are reportedly rejecting as many as 90% of the new bills.

BS, in my opinion. But the kind of BS that those newspapers love. 8)



The traveling exhibition about the new euro banknotes ("The New Face of the Euro") can now be visited in Bratislava, Slovakia until the end of June. Opening hours: Mon-Fri 8-15 h. Address: Národná Banka Slovenska, Imricha Karvaša 1, Bratislava.