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    50-Euro Banknote

    ECB to Introduce New 50-Euro Banknote in 2017 to Fight Counterfeiting

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    The European Central Bank (ECB) unveiled the new 50-euro banknote, due to enter into circulation on April 4, 2017, the bank's press service said Tuesday.

    MOSCOW (Sputnik) — According to the central bank for the euro, the introduction of a new banknote is a practical measure to protect the euro against counterfeiting.

    "The introduction of the new €50 will make our currency even safer. Its state-of-the-art security features help protect our money. It is part of our continued efforts to preserve the euro as a stable currency, a currency that 338 million people across the euro area rely on day by day," Yves Mersch, ECB Executive Board member, was quoted as saying in a statement.

    The new banknote will have a special feature called portrait window, the bank specified. Thus, when the banknote is held up to the light, a transparent window at the top of the hologram shows a portrait of Europa, the moon goddess in the Greek mythology.

    euro, The European Central Bank (ECB)
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