NEW €20 BANKNOTE UNVEILED

The new €20 banknote, which is the most forged of all denominations in the single European monetary unit, will enter circulation on 25 November 2015, allowing an extended period of nine months for banknote equipment manufacturers, cash handlers and other affected parties to prepare for the new note.

The ECB’s President Mario Draghi unveiled the new €20 banknote at the ECB’s headquarters in Frankfurt and revealed that the new note includes an innovative security feature in the form of a “portrait window” set in the hologram.

When the banknote is held against the light, the window becomes transparent and reveals a portrait of the mythological figure Europa, visible on both sides of the note. The new €20 banknote, like the new €5 and €10 notes, also includes an “emerald number” and a portrait of Europa in the watermark.

President Draghi said: “The portrait window is a real innovation in banknote technology. It is the outcome of the Eurosystem’s work to ensure that the euro notes continue to be resilient against counterfeiting. This will reinforce the trust that the 338 million citizens across the euro area place in their banknotes.”

The new €20 note is the third in the Europa series that is gradually replacing the original series of euro banknotes introduced in 2002. The Europa series €5 banknote was issued in May 2013, and the €10 note in September 2014. The €20 banknote will be followed, over time, by new versions of the €50, €100, €200 and €500 notes.

To read the complete article, see:
New €20 banknote unveiled (www.theportugalnews.com/news/new-20-banknote-unveiled/34119)

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