Category Archives: European Central Bank

Euro Banknote Counterfeiting Remained Low in 2022

By the European Central Bank (ECB) …… 376,000 counterfeit euro banknotes withdrawn from circulation in 2022, second-lowest level ever in proportion to total banknotes in circulation Around two-thirds of withdrawn counterfeits were €20 and €50 banknotes Authenticity of euro banknotes verified using “feel, look, and tilt” method * * * Some 376,000 counterfeit euro banknotes […]

The post Euro Banknote Counterfeiting Remained Low in 2022 appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.

Continue Reading on CoinWeek

More Than €4 Million in Fake 500 Euro Bills Seized in Spain

One of the most sophisticated euro counterfeits ever detected in the EU   By Europol …… On September 21, 2022, Europol supported the Spanish National Police (Policía Nacional) and the Spanish Regional Catalan Police (Mossos d’Esquadra) to dismantle an organized crime group involved in the production and distribution of counterfeit euro banknotes. The police intervention […]

The post More Than €4 Million in Fake 500 Euro Bills Seized in Spain appeared first on CoinWeek.

Continue Reading on CoinWeek

More Than €4 Million in Fake 500 Euro Bills Seized in Spain

One of the most sophisticated euro counterfeits ever detected in the EU   By Europol ……   On September 21, 2022, Europol supported the Spanish National Police (Policía Nacional) and the Spanish Regional Catalan Police (Mossos d’Esquadra) to dismantle an organized crime group involved in the production and distribution of counterfeit euro banknotes. The police […]

The post More Than €4 Million in Fake 500 Euro Bills Seized in Spain appeared first on CoinWeek.

Continue Reading on CoinWeek

Euro Banknote Counterfeiting at Historically Low Level in 2021

By European Central Bank (ECB) …… 347,000 counterfeit euro banknotes withdrawn from circulation in 2021, a historically low level in proportion to banknotes in circulation About two-thirds of total withdrawn counterfeits were €20 and €50 banknotes Euro banknotes remain a trusted and safe means of payment The authenticity of euro banknotes can be verified using […]

The post Euro Banknote Counterfeiting at Historically Low Level in 2021 appeared first on CoinWeek.

Continue Reading on CoinWeek

Euro Banknotes to be Redesigned by 2024

By European Central Bank ….. ECB expects to select new euro banknote designs by 2024 ECB to seek the opinion of the public Multidisciplinary group to advise Governing Council on new themes The European Central Bank (ECB) plans to redesign euro banknotes, working with European citizens in a process that is expected to lead to […]

The post Euro Banknotes to be Redesigned by 2024 appeared first on CoinWeek.

Continue Reading on CoinWeek

World Paper Money – Euro Banknote Counterfeiting Remained Low in 2nd Half 2019

By European Central Bank ……   308,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2019 Over 70% of those counterfeits were €20 and €50 banknotes Euro banknotes continue to be a trusted and safe means of payment All euro banknotes can be verified using the “feel, look and tilt” method […]

The post World Paper Money – Euro Banknote Counterfeiting Remained Low in 2nd Half 2019 appeared first on CoinWeek.

Continue Reading on CoinWeek

peseta-mix

Spain: Possible €1.6 billion windfall for Banco de Espana as billions of pesetas still remain unredeemed

Hover to zoom.
If you’re one of the many who have a stash of pesetas lying around somewhere in your drawer from an unforgettable holiday, you’re not alone, as it has been reported that more than 1

Continue reading on Coin Update News

ECB-La-Garde-signature-group

European Central Bank: New president adds her signature to euro notes in ceremony at headquarters

The new president of the European Central Bank took part in a ceremony (27th November) in which she added her signature to a ceremonial display banknote, further solidifying her tenure as the head of the European Central Bank. Christine Lagarde, former head of the International Monetary Fund and a French national, was nominated in July 2019 and confirmed in September as the Central Bank’s new president for an eight-year non-renewable term

Continue reading on Coin Update News

World Paper Money – Euro Banknote Counterfeiting Decreased Further 1st Half 2019

By European Central Bank …… 251,000 counterfeit euro banknotes were withdrawn from circulation in the first half of 2019 Over 80% of those counterfeits were €20 and €50 banknotes Euro banknotes continue to be a trusted and safe means of payment All euro banknotes can be verified using the “feel, look and tilt” method Some […]

The post World Paper Money – Euro Banknote Counterfeiting Decreased Further 1st Half 2019 appeared first on CoinWeek.

Continue Reading on CoinWeek

Europa-euro-series-image

European Union ECB reports lower levels of counterfeit banknotes intercepted from circulation

The European Central Bank has released (26th July) their latest statistics about the level of counterfeit banknotes intercepted in circulation, with the ECB reporting a decrease of 4.2% compared to the second half of 2018, and 16

Continue reading on Coin Update News

World Paper Money: New 100 and 200 Euro Banknotes to Enter Circulation May 28

New euro banknotes from the European Central Bank (ECB) ….. The new 100 and 200 euro banknotes will be put into circulation on May 28, 2019. They incorporate new innovative safety features, namely the satellite hologram and the enhanced emerald number. With these cuts of 100 and 200 euros, the series “Europe” will be complete. Euro banknotes […]

The post World Paper Money: New 100 and 200 Euro Banknotes to Enter Circulation May 28 appeared first on CoinWeek.

Continue Reading on CoinWeek

RoundPound-2-150x150

The Bank of England Gold Sale Fiasco

This month marks the 20th anniversary of the decision by former British Chancellor of the Exchequer Gordon Brown to sell the majority of the British government’s gold reserves, a process that took two years.
At the end of May 1999, the pound was worth about $1.61 US

Continue reading on Numismatic News

EUR-500-montage

European Union: European Central Bank announces discontinuation of €500 banknotes

The European Central Bank (ECB) has announced that as of the 27th January 2019, 17 of the current 19 members of the euro-zone will no longer issue or distribute the €500 denomination banknote. The ECB has confirmed that both the Austrian National Bank and the German Bundesbank will however continue to both print and distribute the discontinued denomination until the 26th April in order to ensure a smooth transition and for logistical reasons

Continue reading on Coin Update News

European Central Bank unveils new €200 and €100 banknotes as part of current Europa series

The European Central Bank (ECB) has unveiled (17th September) their two remaining denominations that will undergo an update in terms of design and security features. Begun in 2015 with the €5 banknote, the ECB introduced the new “Europa” series which updated the designs that were in use since the first euro-denominated banknotes entitled “Ages and Styles,” designed by Robert Kalina, that went into circulation on the 1st January 2002

Continue reading on Coin Update News

Paper Money – What Are The World’s 15 Highest Denominations Ranked by GDP

Paper Money Denominations Updated by Coinweek Staff July 24, 2018 ……. Ever wonder what the highest-denomination paper money banknotes are in the world’s top-producing nations based on GDP? At a time when terrorism and other criminal activities increasingly have the attention of international police and regulatory agencies, there is greater pressure on authorities to eliminate the […]

The post Paper Money – What Are The World’s 15 Highest Denominations Ranked by GDP appeared first on CoinWeek.

Continue Reading on CoinWeek

World Paper Money – Euro Banknote Counterfeiting Remains Low 2nd Half 2017

By European Central Bank ….. 363,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2017 Around 85% of the counterfeits were €20 and €50 banknotes All euro banknotes can be verified using the “feel, look and tilt” method Euro banknotes continue to be a trusted and safe means of payment Some […]

The post World Paper Money – Euro Banknote Counterfeiting Remains Low 2nd Half 2017 appeared first on CoinWeek.

Continue Reading on CoinWeek

World Coin News – Finland Issues Nature 2 Euro Circulating Commem

By Mint of Finland …… The second commemorative two-euro coin of Finland’s centenary was launched on 21 October 2017. The special coin pays tribute to Finland’s nature and is a part of the Finland 100 program celebrating the centenary of Finland’s independence. Like the silver Finnish Nature collector coin, the special coin will also take […]

The post World Coin News – Finland Issues Nature 2 Euro Circulating Commem appeared first on CoinWeek.

Continue Reading on CoinWeek

Germany: Outgoing finance minister presented with unique and personalised euro bank note

German Finance Minister Wolfgang Schäuble is to be replaced after the recent elections in Germany in September, in which Angela Merkel and her Christian Democrats party won the right to form the next coalition government. As a result of the election, Finance Minister Wolfgang Schäuble, after holding his post for the last eight years, is to be replaced — with Schäuble slated to become the president of the Bundestag (German parliament)

Continue reading on Coin Update News

Germany: Outgoing finance minister presented with unique and personalised euro bank note

German Finance Minister Wolfgang Schäuble is to be replaced after the recent elections in Germany in September, in which Angela Merkel and her Christian Democrats party won the right to form the next coalition government. As a result of the election, Finance Minister Wolfgang Schäuble, after holding his post for the last eight years, is to be replaced — with Schäuble slated to become the president of the Bundestag (German parliament)

Continue reading on Coin Update News

CoinWeek News Wire for October 6, 2017: Australia 5 Cent, Money Evolves, Wu-Tang Clan…

By Coinweek …. CoinWeek News Wire for October 6, 2017: Brain Food 1.) INFOGRAPHIC: 58 Insane Facts About Bitcoin You probably have heard a lot of people talking about Bitcoin recently, so you’ll want to save this infographic via BitcoinPlay.net to learn what Bitcoin is, when it started, and who uses this cryptocurrency the most… […]

The post CoinWeek News Wire for October 6, 2017: Australia 5 Cent, Money Evolves, Wu-Tang Clan… appeared first on CoinWeek.

Continue Reading on CoinWeek

Weaker Dollar Helps Lift Gold Price

By Everett Millman – Gainesvillecoins.com …… The precious metals were higher again on Tuesday, buoyed by a continued slump for the U.S. dollar. Spot gold was trading above $1,240/oz in the morning, more than 0.5% in the green. The Platinum Group Metals were slightly above unchanged. Spot silver added 11¢ (almost 0.7% higher) to reach […]

The post Weaker Dollar Helps Lift Gold Price appeared first on CoinWeek.

Continue Reading on CoinWeek

World Paper Money – New €50 Note Now in Circulation

By European Central Bank ….. Fourth new banknote in ‘Europa Series’ Enhanced security features to offer better protection against counterfeits Notes can be checked using Feel, Look, Tilt method The new €50 banknote is now in circulation across the euro area as of 4 April. The note is the fourth in the ‘Europa series’ of […]

The post World Paper Money – New €50 Note Now in Circulation appeared first on CoinWeek.

Continue Reading on CoinWeek

Precious Metals & Bullion Commentary – Gold Weaker as Rate Hike Looms

Commentary for Tuesday, March 7, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $9.40 at $1,216.10 on Tuesday and if you haven’t been watching let’s just say the gold trade is getting heavier. It’s not necessarily the dollar although the buck is strong – the Dollar […]

The post Precious Metals & Bullion Commentary – Gold Weaker as Rate Hike Looms appeared first on CoinWeek.

Continue Reading on CoinWeek

Precious Metals Markets – Gold Continues to Hold Steady

Commentary for Tuesday, February 21, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed virtually unchanged today down $0.20 at $1,238.90. It lost ground in early trading and at one point reaching $1,227.00 before turning around – gaining back its lost ground despite a strong Dollar Index which […]

The post Precious Metals Markets – Gold Continues to Hold Steady appeared first on CoinWeek.

Continue Reading on CoinWeek

Mint of Finland Releases Special New Two Euro Coin

By Mint of Finland …… On October 17, the Mint of Finland released one million commemorative two-euro coins paying tribute to philosopher Georg Henrik von Wright. The year 2016 marks the 100th anniversary of the birth of von Wright. Mint of Finland has minted the special coins by order of the Ministry of Finance. Georg […]

The post Mint of Finland Releases Special New Two Euro Coin appeared first on CoinWeek.

Continue Reading on CoinWeek

The Future of Money: Banknotes and Coins

By Everett Millman – Gainesville Coins ……. Throughout the modern era (roughly since gold and silver specie ceased to be used as circulating currency), coins and banknotes have been the fiat tokens we use to represent money. However, like the rest of our society, the financial system has undergone a rapid transformation in the Digital […]

The post The Future of Money: Banknotes and Coins appeared first on CoinWeek.

Continue Reading on CoinWeek

World Paper Money – Euro Banknote Counterfeiting Declines 1st Half 2016

By European Central Bank …..   331,000 counterfeit euro banknotes were withdrawn from circulation in the first half of 2016 Around 80% of the counterfeits were €20 and €50 banknotes All euro banknotes can be verified using the “feel, look and tilt” method Euro banknotes continue to be a trusted and safe means of payment […]

The post World Paper Money – Euro Banknote Counterfeiting Declines 1st Half 2016 appeared first on CoinWeek.

Continue Reading on CoinWeek

World Paper Money: European Central Bank Unveils New €50 Banknote

  By European Central Bank ….. New €50 banknote will start circulating on 4 April 2017 €50 is the most widely used euro banknote New secure banknotes underline Eurosystem’s commitment to cash The European Central Bank (ECB) today unveiled the new €50 banknote, which will enter into circulation on 4 April 2017. The introduction of […]

The post World Paper Money: European Central Bank Unveils New €50 Banknote appeared first on CoinWeek.

Continue Reading on CoinWeek

European Central Bank Ends Production, Issuance of €500 Banknote

By European Central Bank…..   ECB has decided to discontinue production and issuance of €500 banknote Europa series of euro banknotes will not include the €500 €500 banknote remains legal tender and will always retain its value Today (Thursday, May 4) the Governing Council of the European Central Bank (ECB) concluded a review of the […]

The post European Central Bank Ends Production, Issuance of €500 Banknote appeared first on CoinWeek.

Continue Reading on CoinWeek

International Euro Anti-Counterfeiting Conference Held March 24-27

By The European Central Bank, Directorate of General Communications…. The European Central Bank, Europol and the European Commission jointly organised the 3rd International Conference on the Protection of the Euro against Counterfeiting. The conference was held at the ECB’s new headquarters in Frankfurt am Main from 24 to 27 March 2015 and was the first […]

The post International Euro Anti-Counterfeiting Conference Held March 24-27 appeared first on CoinWeek.

Continue Reading on CoinWeek