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That's really interesting, I didn't know that. Does anyone know what the timescale is for phasing out paper? I seen that the website mentions parallel issuance

by davb 10y ago

That's really interesting, I didn't know that. Does anyone know what the timescale is for phasing out paper? I seen that the website mentions parallel issuance for a period - in the last year I've visited Munich and Paris and only come across paper. I'm genuinely interested to see how the logistics of rolling out a new material will work across such a large area with so many countries and banks involved

kuschku 10y ago
5€ bills were replaced several years ago, 10€ bills over the course of last year, and now 20€ bills were replaced already. The old 10€ bills stopped showing up in the change I got from stores by end of 2015, and around march 2016 the old 20€ bills stopped showing up. Obviously, they’re still in use in several places. And regarding the rollout: Most banks have had to accept dozens of possible payment methods, for them one more type of bills is not an issue. Producing the money is more of an issue, but the link I mentioned before has an article about that, too.
- Symbiote 10y ago
  These new notes are paper. It says so on (1). I don't live in the Eurozone, but I have a new and old €20, and the paper is the same. I have an old €50, and a new €5, and the paper is the same. Polymer notes almost always have transparent windows, and they feel like plastic, not paper. (1) http://www.new-euro-banknotes.eu/Euro-Banknotes/PRODUCTION http://www.new-euro-banknotes.eu/Euro-Banknotes/PRODUCTION
  - kuschku 10y ago
    The €20 note has a transparent window, and feels like plastic. Are you sure you have actually gotten one of the new €20 notes?
    - Symbiote 10y ago
      Do you have one? The window is only in the security strip, and it's clear on the reverse where the window has been cut out from the paper. The plastic is applied somehow to one side of the note. Polymer notes like those I've used from New Zealand and Vietnam have the whole thing made from plastic, and no paper at all. Example: http://banknote.ws/COLLECTION/countries/ASI/VIE/VIE0124.htm http://banknote.ws/COLLECTION/countries/ASI/VIE/VIE0124.htm See, for example, http://www.reuters.com/article/us-euro-fakes-idUSBREA0C0JQ20140113 http://www.reuters.com/article/us-euro-fakes-idUSBREA0C0JQ20... I can find no mention anywhere of polymer Euros.
      - kuschku 10y ago
        As far as I know they’re a cotton-nylon base with plastic coating on top, in contrast to the previous cotton-paper base without coating. That counts as plastic money, IMO.

by davb 10y ago

kuschku 10y ago

5€ bills were replaced several years ago, 10€ bills over the course of last year, and now 20€ bills were replaced already. The old 10€ bills stopped showing up in the change I got from stores by end of 2015, and around march 2016 the old 20€ bills stopped showing up. Obviously, they’re still in use in several places. And regarding the rollout: Most banks have had to accept dozens of possible payment methods, for them one more type of bills is not an issue. Producing the money is more of an issue, but the link I mentioned before has an article about that, too.

Symbiote 10y ago
These new notes are paper. It says so on (1). I don't live in the Eurozone, but I have a new and old €20, and the paper is the same. I have an old €50, and a new €5, and the paper is the same. Polymer notes almost always have transparent windows, and they feel like plastic, not paper. (1) http://www.new-euro-banknotes.eu/Euro-Banknotes/PRODUCTION http://www.new-euro-banknotes.eu/Euro-Banknotes/PRODUCTION
- kuschku 10y ago
  The €20 note has a transparent window, and feels like plastic. Are you sure you have actually gotten one of the new €20 notes?
  - Symbiote 10y ago
    Do you have one? The window is only in the security strip, and it's clear on the reverse where the window has been cut out from the paper. The plastic is applied somehow to one side of the note. Polymer notes like those I've used from New Zealand and Vietnam have the whole thing made from plastic, and no paper at all. Example: http://banknote.ws/COLLECTION/countries/ASI/VIE/VIE0124.htm http://banknote.ws/COLLECTION/countries/ASI/VIE/VIE0124.htm See, for example, http://www.reuters.com/article/us-euro-fakes-idUSBREA0C0JQ20140113 http://www.reuters.com/article/us-euro-fakes-idUSBREA0C0JQ20... I can find no mention anywhere of polymer Euros.
    - kuschku 10y ago
      As far as I know they’re a cotton-nylon base with plastic coating on top, in contrast to the previous cotton-paper base without coating. That counts as plastic money, IMO.