Here’s what the new €50 note looks like4th Apr 17 | Entertainment
The new €50 note will begin circulation today in Ireland and wider Europe.
While it is still the same size, the most notable changes include strengthened security features.
The Central Bank says it will be more resistant to counterfeiting.
You will be able to check its authenticity by feeling and tilting it. You should be able to spot the portrait watermark and portrait hologram of the Greek goddess Europa, the raised lines along the sides of the note, the portrait window like the one on the €20 note, and the shiny emerald colour of the number.
If you hold it up against the light, it will show a portrait of Europa and rainbow-coloured lines as the window near the top goes transparent, and if you tilt it, you will see rainbow-coloured lines around the numeral and on the window on the back of the note.
The €50 banknote is the most widely used, according to the European Central Bank (ECB). There are over nine billion of them in use and make up 46% of all euro banknotes. The old €50 notes are still legal tender and will be gradually withdrawn from circulation.
“Even in this digital age, cash remains essential in our economy,” said the president of the ECB, Mario Draghi.
“A soon-to-be-published survey on cash use, carried out on behalf of the ECB, shows that over three-quarters of all payments at points-of-sale in the euro area are made in cash. In terms of transaction values, that’s slightly more than half.”
There will be new €100 and €200 notes launched at the beginning of 2019.