SHARE
COPY LINK

FRAUD

New €100 and €200 notes go into circulation in Germany

Since Tuesday, Europe's monetary authorities have been printing the two banknotes with new security features.

New €100 and €200 notes go into circulation in Germany
The new 100- and 200-euro notes are being printed as of Tuesday. Photo: DPA

New 100 and 200 bills are supposed to make it more difficult for counterfeiters to do their job.

The issuing of these bills completes the second series of Euro bank notes, the first series which began being issued in 2002, according to the European Central Bank in Frankfurt. The 500 note has not been issued since the end of April.

SEE ALSO: Mixed emotions in Germany as 500-euro note bows out

“The manufacturers of ATMs and cash safes have already been able to borrow the new banknotes for test purposes for the last nine months, so the technical conversion should run smoothly,” assured Johannes Beermann, Chairman of the Bundesbank (German Central Bank).

Last year, six percent of the euro notes in circulation in Germany were 100 notes and one percent were 200 notes, according to the Deutsche Bundesbank.

By far the most frequently counterfeited banknote in Germany has been the the 50 note. A revised version of the orange-brown note was issued in 2017. While the 'state of the art' bill had more security features, Germany's police union remained skeptical that it could still be counterfeited.

SEE ALSO: New €50 note is forgeable, claims German police union

Anyone who immediately hopes for the new notes when withdrawing money in the coming days could, however, be disappointed. The introduction of 2.3 billion revised 100 notes and 700 million €200 banknotes throughout the eurozone will take place gradually.

The old notes are gradually being withdrawn from circulation by the central banks, but first-generation euro banknotes will remain valid.

New security features

Graphic: DPA

The 100 and €200 notes have a “satellite hologram” on the front top right. When tilted, small euro symbols move around the value numeral. There are additional euro symbols in the emerald number.

“These two security features make counterfeiting of the new 100 and €200 banknotes even more difficult,” Beermann recently explained.

The new notes also use security features already found on the twenties and fifties: They also have a “portrait window”. If you hold the glow against the light, the window becomes transparent, showing a portrait of the Greek mythical figure of Europe.

The value “100” or “200” printed as a glossy number on the front changes the colour from emerald green to deep blue when the banknote is tilted.

The basic colours of the notes will not change either. The hundred note is still green, while the two-hundred note keeps its mixture of yellow and brown. The colours are slightly stronger than those of the old banknotes.

The format of the banknotes has also been altered slightly: The €100 and €200 of the new series are just as long as the 50 note. The width of the banknotes, on the other hand, remains the same.

The 500 note, which will no longer be issued, will remain legal tender, however, and will be exchangeable indefinitely.

Vocab

Monetary authorities – (Die) Währungshüter

Released – Herausgegeben

Emerald number – (Die) Smaragdzahl

Imprinted – aufgedruckt

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

MONEY

Going to a Danish music festival? Beware of fake online tickets

Scams involving event tickets are not uncommon during Denmark’s summer music festival season, the country’s digital authority has warned.

Going to a Danish music festival? Beware of fake online tickets

Denmark’s Agency for Digital Government (Digitaliseringsstyrelsen) has urged anyone hoping to pick up a festival ticket at short notice to “be critical” when purchasing passes online.

In a press release, the agency outlined what it calls “simple advice” to help consumers avoid losing money on shady festival tickets.

The NorthSide festival in Aarhus kickstarts Denmark’s summer festival season on 6th-8th June, followed shortly afterwards by the Heartland festival at Egeskov on the island of Funen, both from June 13th to June 14th.

For lovers of hard rock and metal the Copenhell festival from June 19th to June 22nd is not to be missed.

Then, for the weekend of June 27th-29th, the festivities move back across the Great Belt Bridge for the Tinderbox Festival in Odense on Funen.

The month of music then culminates with Denmark’s oldest and largest music festival, Roskilde, between June 29th and July 6th, although arguably all the biggest days are in July. 

Several of these festivals have already sold out of either one-day tickets or “partout” tickets that provide passes to the entire event.

READ ALSO:

That means tickets are now being sought on social media and other resale platforms, the digital agency writes.

“We’ve collected some good pieces of advice that will help members of the public to spot ticket sharks and prevent a good summer with friends and music from becoming a disappointing summer when scammers make off with your money and good mood,” Agency for Digital Government deputy director Lars Bønløkke Lé said in the statement.

“Scammers don’t go on holiday and festival ticket sales are also an opportunity they try to capitalise on,” he said.

Four specific actions can greatly reduce the risk of getting scammed according to the agency.

These are:

  • Purchase tickets from official vendors only. Use their waiting lists if the tickets are sold out.
  • Be cautious about any offers you receive if you request a particular ticket in a social media post or ad, as these can attract scams.
  • A ticket set at a price far cheaper than can be found anywhere else is a sign of a possible scam.
  • If using Danish payment app MobilePay, you can check that the seller’s name appears on the payee MobilePay account before confirming your payment. You can then check that this name matches the name of the person or organisation from which you have agreed to buy the ticket. A discrepancy should raise a red flag. Similarly, if the seller unexpectedly asks you to send the money to an account other than their own, they are likely to be attempting a scam.
SHOW COMMENTS