Monday

2nd May 2016

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will retain their face value and will be exchangeable at any national central bank in the eurozone even when they are no longer valid in shops.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

News in Brief

  1. Delays as Brussels airport reopens terminal
  2. MEPs urge extra sanctions on Russian officials
  3. Poland's right-wing leader wants constitutional overhaul
  4. Don't silence media, Council of Europe tells countries
  5. Eurostat: 88,300 lone minors among refugees
  6. EU unemployment lowest in seven years
  7. Nord Stream II will undermine EU security, EPP leader says
  8. Brussels Airport reopens departure hall after attack

Stakeholders' Highlights

  1. European Music CouncilRegister Now for the 6th European Forum on Music in Wroclaw, European Capital of Culture 2016
  2. Belgrade Security ForumJoin Our Team for the 6th Belgrade Security Forum. Apply Now! Deadline May 20
  3. European Roundtable of IndustrialistsCompanies Make Progress on Number of Women in Leadership Roles
  4. Counter BalanceParliament Gets Tough on Control EU Bank's Funds
  5. ICRCSyria: Aleppo on the Brink of Humanitarian Disaster
  6. CESIWorld Day For Health and Safety at Work: Public Sector Workers in The Focus
  7. EFABasque Peace Process-Arnaldo Otegi Visits the European Parliament
  8. EscardioChina Pays Price of Western Lifestyle With Soaring Childhood Obesity
  9. Centre Maurits CoppetiersThe Existence of a State is a Question of Fact, Not a Question of Law
  10. Martens CentreJoin Us at The Event: Prospects For EU Enlargement After 2019
  11. ICRCSyria: Aid for Over 120,000 People Arrives in Besieged Town Near Homs
  12. Counter BalanceHighway to Hell: European Money Fuelling Controversial Infrastructure Projects