Fabian Demicoli

Eurosystem to introduce second series of euro banknotes


The European Central Bank (ECB) and
the national central banks (NCBs) of the Eurosystem are to introduce a second
series of euro banknotes. Announced on 8 November, the new "Europa" series
notes will include enhanced security features and a portrait of Europa in the
watermark and the hologram.

Europa is a figure from Greek mythology and the
origin of the name of the European continent. The new banknotes will be
introduced gradually over several years, starting with the €5 banknote in May
2013. They will include three new security features: a portrait watermark,
portrait hologram and emerald number. The new series of banknotes will be easy
to distinguish from the first series and will have the same denominations as
its predecessor. Banknotes from the first series will gradually be withdrawn
and eventually cease to be legal tender, but they will retain their value
indefinitely and it will be possible to exchange them at Eurosystem NCBs at any
time. The "Europa" series €5 banknote will be unveiled in full on 10
January 2013

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