New Bank Notes Aim To Beat Counterfeiters

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New 100 and 200 euro bank notes are on the way for May 2019 in a bid to foil counterfeiters printing bogus cash.

Money laundering and counterfeiting are a big problem for central banks.

After scrapping the 500 euro note blaming the large face value for making money laundering easy for criminals and terrorists, the European Central Bank has gradually replaced lower denomination bank notes.

The 100 and 200 euro notes are the last for a facelift in the Europa series of notes – so called because the mythical Greek figure appears on each design.

The new note will hit cash points and retailers on May 28, 2019. Older bank notes will gradually drop out of circulation on a date to be announced.

More: https://parsherald.com/new-bank-notes-aim-to-beat-counterfeiters/6768/

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