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New bank note for the euro zone

Thursday, March 16, 2017 - 01:19

The European Central Bank introduces a new 50 euro bill which the German central bank presents at its headquarters in Frankfurt. David Pollard reports.

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A new note for the euro zone. If for many there, it's an old friend - the 50 euro note is the most popular and represents 45 percent of all euro bank notes in circulation. This updated version has upgraded security features to keep it safe, including a distinct 'shimmer'. (SOUNDBITE) (German) CARL-LUDWIG THIELE, ONE OF THE DIRECTORS AT BUNDESBANK, SAYING: "If you move the bank note, it glistens from emerald green to deep blue. People already know this from the 20 euro bank note, the 10 euro bill and the five." It comes when some of the shine is returning to the euro zone. Recent data pointing the way up - even if questions have been raised about the future of the single currency itself. (SOUNDBITE) (English) JASPER LAWLER, SENIOR MARKET ANALYST, LONDON CAPITAL GROUP, SAYING: "The euro zone's been in a steady pace of recovery for a number of years now and it's accelerated this year. And that is largely because of the very accommodative monetary policy and a number of years in which we haven't seen a really big shock since really the euro zone debt crisis. So confidence is picking up, but I would still say it's fragile." But with ECB money printing in full spate, this note itself should have a future. That is if the security features work... As the most popular note, it's also the most counterfeited euro zone note of them all.

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New bank note for the euro zone

Thursday, March 16, 2017 - 01:19