New ‘Europe’ series of banknotes in circulation | THE DAILY HERALD

MARIGOT–The new “Europe” series of 100- and 200-euro bank notes have been released into circulation as of May 28, Institut d’ Émissions des Departments d’Outre Mer (IEDOM) announced in a release.

IEDOM assumes the role of central bank in the five overseas departments (Guadeloupe, Martinique, French Guiana, La Réunion and Mayotte, but also for the Collectivités of Saint-Pierre et Miquelon, St. Martin and St. Barths).

The “Eurosystème” is required to preserve the integrity of euro banknotes and to continue to improve their quality and manufacturing techniques. The “Europe” series, launched in May 2013 with the 5-euro note, offers better protection against counterfeiting and thus makes euro banknotes even more secure.

The new 100- and 200-euro banknotes have the same security features as the 50-euro banknote, such as a portrait inserted in the watermark and hologram, as well as other new and improved features which make them more difficult to counterfeit, while remaining easy to verify.

100- and 200-euro banknotes are used both as a means of payment and as a reserve of value. At the end of 2018, 2.7 billion 100-euro banknotes were in circulation (13 per cent of all banknotes in circulation), compared with 2.5 billion 10-euro banknotes (about 12 per cent of the total euro banknotes in circulation).

In value terms, the 100-euro banknote is the most important denomination after the 50-euro note, representing almost a quarter (23 per cent) of the value of all the banknotes in euros in circulation. By comparison, 200-euro banknotes account for 1 per cent of the total number of euro banknotes in circulation and for 4 per cent of their total value.

Source: The Daily Herald