Thursday

27th Apr 2017

New euro notes to show tragic princess

  • Europa, abducted by Zeus, will figure on the new euro notes (Photo: cliff1066™)

In Greek mythology, the Phoenician princess Europa was abducted and raped by the king of the gods, Zeus.

But her image will from next year appear alongside pictures of windows and doors on euro banknotes as a security and decorative feature.

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

"Portraits have long been used in banknotes around the world and research has shown that people tend to remember faces. Is there any better figure than Europa to serve as the new face of the euro?" the chief of the European Central Bank (ECB), Mario Draghi, said on Thursday (8 November) according to Bloomberg.

She will first appear on the €5 note in May, with other notes introduced in ascending order in the next few years.

Europa's face will be shown as a watermark and as a hologram. Until now, euro notes carried pictures of windows and doors in various architectural styles in a symbol of openness designed not to offend national sensibilities.

The new notes will also carry an emerald-coloured number.

The first series of banknotes will circulate alongside the old ones. But the old notes, first introduced 10 years ago, will eventually cease to be legal tender.

"The date when this occurs will be announced well in advance," the ECB said.

The old notes will retain their face value and will be exchangeable at any national central bank in the eurozone even when they are no longer valid in shops.

Meanwhile, counterfeiting euro notes has kept international law enforcement authorities busy.

In April, an international police sting in Bogota, Colombia dismantled a counterfeit print shop and depot manufacturing €50 and €100 bills.

Europol, the EU’s police agency, based in The Hague, said authorities seized over €19 million in counterfeit money in Columbia alone since 2006.

Auditors reject EU spending 18th year in a row

EU's top auditing body has for the 18 year in a row said there are too many errors in how EU money is spent, particularly in subsidies going to farmers and fishers.

ECB unveils new €5 note

The ECB launched a new €5 note on Thursday with a topical joke on the crisis and British euroscepticism.

Column / Brexit Briefing

Controlling the right of repeal

There was a distinct air of finality about Sir Tim Barrow's personal delivery of the Article 50 letter in Brussels – it certainly marks the end of an era.

Be fair in Brexit talks, EU tells UK

European Council chief Tusk sent draft guidelines to member states. He said the EU wants "fairness" and then warned against using security cooperation as bargaining chip.

Stakeholders' Highlights

  1. ECR GroupSyed Kamall: We Need a New, More Honest Relationship With Turkey
  2. Counter BalanceParliament Sends Strong Signal to the EIB: Time to Act
  3. ACCARisks and Opportunities of Blockchain and Shared Ledgers Technologies in Financial Services
  4. UNICEFRace Against Time to Save Millions of Lives in Yemen
  5. Nordic Council of MinistersDeveloping Independent Russian-Language Media in the Baltic Countries
  6. Swedish EnterprisesReform of the European Electricity Market: Lessons from the Nordics, Brussels 2 May
  7. Malta EU 2017Green Light Given for New EU Regulation to Bolster External Border Checks
  8. Counter BalanceCall for EU Commission to Withdraw Support of Trans-Adriatic Pipeline
  9. ACCAEconomic Confidence at Highest Since 2015
  10. European Federation of Allergy and Airways60%-90% of Your Life Is Spent Indoors. How Does Poor Indoor Air Quality Affect You?
  11. European Gaming and Betting AssociationCJEU Confirms Obligation for a Transparent Licensing Process
  12. Nordic Council of MinistersNordic Region and the US: A Time of Warlike Rhetoric and Militarisation?