Europe’s New €50 Banknote – Euro Region Update

  August 22, 2016

The European Central Bank (ECB) introduced a revised €50 banknote in July, with a circulation entry date of April 2017. Euro notes are tendered worldwide and held as a store of value by millions of people across Europe and other regions of the world. The euro has become the second most utilized currency after the U.S. dollar, with a value of over 1 trillion euros worldwide.

Several denominations of the euro were introduced since the euro’s inception. The common currency status of the euro throughout European countries was pinnacle when it replaced individual country currencies such as the Spanish peso, the Italian lira, and the German deutschmark.

The most popular of the euro denominations has been the €50 note, representing 45% of all euro banknotes in circulation. The new design will minimize the risks of counterfeiting and criminal activities. Another popular denomination is the €500 note, which the ECB decided to cease production of in June. The ECB decided to terminate the production of the €500 note in a move to discourage the use of the large note for criminal and illicit purposes.

The distinctive colors, texture, and materials used in the revamped €50 note are all meant to stem counterfeiting, a growing criminal activity throughout Europe.

Source: eurobanknotes.eu

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