Optionova Announces The Introduction Of A New 10 Euro Note By The ECB
Just recently, the European Central Bank made the presentation of the new 10 Euro bill at Frankfurt, Germany. The experts of the Binary Options Broker Optionova noted that the first bill of the Europe set was the recently introduced 5 Euro note.
Miami (I-Newswire) February 7, 2014 - Just recently, the European Central Bank made the presentation of the new 10 Euro bill at Frankfurt, Germany. A very attractive new feature of the bill is the image of a Phoenician princess. This bill makes part of a set of new notes scheduled for release called, the Europe set. The experts of the Binary Options Broker Optionova (http://www.optionova.com/) noted that the first bill of this set was the recently introduced 5 Euro note.
By putting the bill up to any source of light, you can see on the watermark place the image of the ancient princess. A similar image in the form of a hologram is placed on the special ribbon that crosses the right edge of the bank note.
The website of the European Central Bank shows in better detail all the changes that the bill will have. It should also be noted that the new bills will be used along with the old ones and they will be introduced in September of this year. In addition, the main advantage of a new bank note is an increased durability and as a result it will be in circulation during more time than the old one. The added strength to the money paper will allow the ECB to save money on printing new notes to replace the old ones.
Counterfeiters have learned to copy all the security features of the old notes, this is why the ECB is now introducing this new note with added security features to prevent more counterfeiting. More than 300 thousand Euros of fake money has been withdrawn from circulation in Europe from January to June of last year. The experts of the Binary Options Broker Optionova said that the European Central Bank Board members noted that it is important to maintain confidence in the Euro among the people. According to the board, the main goal of the new bank notes is to keep the trust in the Euro among its people and abroad.
By following the touch, look and feel procedure, anyone can verify if a 10 Euro note is real or fake. Some of the images on the Euro bank notes are in 3D and if you turn them to the light they change in color. For instance, in one of the windows you can see a picture of Europe that will change color from emerald-green to dark blue, when you tilt it in front of the light.
The central banks around the world, not only in Europe, have to keep updating their notes' security features in order to prevent fake bills to hurt the economy. Many European countries have arrested people with false Euro bank bills. During an operation to bring down an illegal printing shop, law enforcement officers confiscated about nine million of false Euro bank notes and detained 13 suspects. In the illegal printing shop, false bank notes of 100 Euros were produced. The false bank notes were of a very high quality and it was difficult to distinguish them from the real ones. They also found a plate for counterfeiting dollars.
Obviously, most counterfeited bills end up in circulation in Europe. In the meantime, the current exchange rate of the Dollar versus the Euro is at 1.3658, as noticed by the analysts of Binary Options Broker Optionova, which is rated among the TOP Binary Option Brokers at the Masterforex-V World Academy (http://www.masterforex-v.com).
There are other problems that the Euro is facing now, besides counterfeiting. For instance, the intrinsic value of the currency is under pressure by financial problems in Europe. The Prime Minister of Spain, Mr. Luis de Ginos announced that domestic banks will probably have to write off about 65 billion Dollars of defaulted loans, mostly for real estate debts. Additionally, countries like Greece, Ireland and Portugal had to ask for international assistance, in the middle of a possible pullback for the Euro Zone.
Published On:February 7, 2014
Print Release:Print Release
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