The new euro banknotes are more durable than those in the first series, which means they have to be replaced less frequently, reducing costs and environmental impact. This is important, especially when it comes to the €5 and €10 banknotes, which change hands more often than others. The case was brought before the CJEU by reference to the Federal Administrative Court (BVerwG). The BVewG ruled that “the exclusion of the possibility of paying the issuing fees for euro banknotes violates federal law (Bundesbank Act) and that the German authorities are obliged to accept euro banknotes”. Europa series banknotes were introduced gradually over several years. The first four denominations in the series – €5, €10, €20 and €50 – were put into circulation in 2013, 2014, 2015 and 2017 respectively. The €100 and €200 banknotes started circulating on 28 May 2019 and completed the Europa series. First, what is the legal meaning of the term “legal tender”? Does it constitute a binding obligation for the authorities of the euro area Member States to accept cash? Some areas of the banknotes have a different texture from others. The characters “BCE ECB EZB EKT EKP” are embossed. The banknotes were put into circulation on 1 January 2002.  The representative of the European Commission pointed out that the status of legal tender meant that the beneficiary would not have to bear any additional costs.
However, the broadcaster`s insistence on cashless payments makes bank transfers very expensive for those who do not have an account. Indeed, these fees constitute a tax that the public authorities oblige these persons to pay. The new banknotes are an evolution, and although they retain the “eras and styles” design of the first series and show the same dominant colors, they have been modified to incorporate the improved security features. His draft was published in Frankfurt on 10 January 2013.  Euro banknotes contain a motif known as the EURion constellation, which can be used to determine that it is a banknote in order to prevent it from being copied. Some older copiers have been programmed to reject images containing this pattern. As with the first series of banknotes, during the design phase of the second series, users with vision problems were consulted and their requirements were included in the final designs. Your feedback is essential to ensure that the euro banknotes in circulation are of the highest possible quality.
Take this short electronic survey and let us know what you think of the invoices you process on a daily basis. Let us address the first question. Disagreements over the meaning of the term “legal tender” are largely due to the definition of euro banknotes granted by European and German legislation. The codes W, K and J are reserved for members of the European Union that are not members of the euro area, while the R is reserved for Luxembourg, which is part of the euro area but does not issue euro banknotes. The ECB and the Eurosystem`s national central banks (NCBs) are responsible for the integrity of euro banknotes. For this reason, they have developed a second series of banknotes with improved security features that maintain their security and public confidence in our currency. The elements common to all banknotes are the flag of the European Union, a map of Europe on the back, the name “EURO” in the Latin and Greek alphabets – also in Cyrillic on the banknotes of the second series – the initials of the European Central Bank in five versions (ECB, ECB, ECB, ΕΚΤ, EKP) – new versions are added (ЕЦБ, ESB, EKB, BĊE, EBC) in second place – and the signature of the President of the European Central Bank. In his aforementioned speech, Yves Mersch explained the essential role of money in achieving equality. “Alternative payment methods cannot replace cash in euros, but only supplement it. The Eurosystem should therefore continue to ensure that such liquidity is available.
This is the only way to preserve the role that euro banknotes and coins play in protecting the fundamental rights and freedoms of European citizens. There are seven different denominations (€5, €10, €20, €50, €100, €200 and €500), each with a distinctive colour and size. The design of each is based on European architecture at different artistic periods. The front of the note shows the doors and windows, while the back (rear) shows the bridges. The doors and windows symbolise the spirit of openness and cooperation in Europe. Bridges are a metaphor for the unification of European peoples with each other and with the rest of the world. Care was taken to ensure that the architectural examples did not represent existing monuments, so as not to reach the controversy whose controversy should be chosen to be shown. Hessischer Rundfunk and the German and French Governments submit that the concept of `legal tender` within the meaning of the Treaty on the Functioning of the European Union (TFEU) provides only that the euro is the only currency to be admitted to the euro area without specifying its consequences for the acceptance of cash. Article 128(1) of the Treaty provides: `The European Central Bank shall have the exclusive right to authorise the issue of Euro Union banknotes. […] Banknotes issued by the European Central Bank and the national central banks shall be legal tender in the Union. Once this procedure is completed, according to the ECB, the public`s opinion will be sought again, although, unlike the first stage, these are the topics selected to organise a design competition for the new banknotes later. In the latter case, the Governing Council shall have the final say on the design chosen in the final procedure. The €5, €10 and €20 banknotes of the first series have a holographic strip to the right of the front.
This group indicates the nominal value of the ticket (e.g. “5 € 5 € 5 … »). in the case of the €5 banknote). The European Central Bank is preparing new banknotes to replace those that have been in circulation for almost 20 years. This was confirmed by the agency itself in an official statement published on its website. According to ECB President Christine Lagarde, “it`s time to update the look and feel of our banknotes so that Europeans of all ages and backgrounds can identify with them.” At the same time, he also claimed that these notes “will remain here” because of their demand and are considered an “intangible symbol” of the European Union, even in times of crisis. Leading the appeal is Norbert Haering, a Handelsblatt journalist and cash activist, whose lawyer began his speech with a plea: “Save the euro, protect the euro.” The European Central Bank has published some of the most rudimentary security features of euro banknotes, allowing the public to quickly determine whether a banknote is genuine or not. However, to ensure your safety, the entire list of these devices is a jealously guarded secret. With regard to monetary policy, the German and French governments argued that the issuance of the euro was not part of the ECB`s monetary policy mandate, as it was not necessary to achieve price stability and was not a monetary policy instrument envisaged as such.