The European Central Bank on Tuesday unveiled a design for the 50 euro note, which will replace the old design. 50 euro is the most widely counterfeited denomination of the currency.
Use of the 50-euro note has quadrupled in the past 15 years, with more than 8.5 billion of them in circulation – around 45 percent of the total number.
More secure 50-euro note will start circulation in April 2017. The ECB will begin printing the new bills later this year. The orange banknote has a number of new security features, including a secret window on its left side. When held against the light, it reveals a portrait of Europa, a figure from Greek mythology.
The upgraded design should make the bill safer to use than before, say ECB officials. This is the part of a program to make it harder to counterfeit the currency shared by 19 European countries.
The redesigned ˆ50 note is part of a new Europa series, the second produced by the Eurozone. The ˆ50 is the fourth denomination to be introduced, after the ˆ5, ˆ10 and ˆ20.