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FRAUD

New €100 and €200 notes go into circulation in Germany

Since Tuesday, Europe's monetary authorities have been printing the two banknotes with new security features.

New €100 and €200 notes go into circulation in Germany
The new 100- and 200-euro notes are being printed as of Tuesday. Photo: DPA

New 100 and 200 bills are supposed to make it more difficult for counterfeiters to do their job.

The issuing of these bills completes the second series of Euro bank notes, the first series which began being issued in 2002, according to the European Central Bank in Frankfurt. The 500 note has not been issued since the end of April.

SEE ALSO: Mixed emotions in Germany as 500-euro note bows out

“The manufacturers of ATMs and cash safes have already been able to borrow the new banknotes for test purposes for the last nine months, so the technical conversion should run smoothly,” assured Johannes Beermann, Chairman of the Bundesbank (German Central Bank).

Last year, six percent of the euro notes in circulation in Germany were 100 notes and one percent were 200 notes, according to the Deutsche Bundesbank.

By far the most frequently counterfeited banknote in Germany has been the the 50 note. A revised version of the orange-brown note was issued in 2017. While the 'state of the art' bill had more security features, Germany's police union remained skeptical that it could still be counterfeited.

SEE ALSO: New €50 note is forgeable, claims German police union

Anyone who immediately hopes for the new notes when withdrawing money in the coming days could, however, be disappointed. The introduction of 2.3 billion revised 100 notes and 700 million €200 banknotes throughout the eurozone will take place gradually.

The old notes are gradually being withdrawn from circulation by the central banks, but first-generation euro banknotes will remain valid.

New security features

Graphic: DPA

The 100 and €200 notes have a “satellite hologram” on the front top right. When tilted, small euro symbols move around the value numeral. There are additional euro symbols in the emerald number.

“These two security features make counterfeiting of the new 100 and €200 banknotes even more difficult,” Beermann recently explained.

The new notes also use security features already found on the twenties and fifties: They also have a “portrait window”. If you hold the glow against the light, the window becomes transparent, showing a portrait of the Greek mythical figure of Europe.

The value “100” or “200” printed as a glossy number on the front changes the colour from emerald green to deep blue when the banknote is tilted.

The basic colours of the notes will not change either. The hundred note is still green, while the two-hundred note keeps its mixture of yellow and brown. The colours are slightly stronger than those of the old banknotes.

The format of the banknotes has also been altered slightly: The €100 and €200 of the new series are just as long as the 50 note. The width of the banknotes, on the other hand, remains the same.

The 500 note, which will no longer be issued, will remain legal tender, however, and will be exchangeable indefinitely.

Vocab

Monetary authorities – (Die) Währungshüter

Released – Herausgegeben

Emerald number – (Die) Smaragdzahl

Imprinted – aufgedruckt

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MONEY

Energy crisis: Which everyday German products are increasing the most in price?

Inflation in Germany reached 10.4 percent in October – the highest level in 70 years. The Federal Statistical Office has now announced which prices have risen particularly sharply.

Energy crisis: Which everyday German products are increasing the most in price?

Energy prices

Energy prices in Germany have risen significantly as a result of the Russian invasion of Ukraine and the squeeze on cheap energy supplies and high energy prices are the biggest driver of inflation.

Despite the relief measures taken by the federal government over the past year, energy prices in October were 43 percent higher than in the same month last year.

READ ALSO: KEY POINTS: Germany’s inflation relief measures to support people in cost of living crisis

According to the German Federal Statistical Office, household energy in particular has become significantly more expensive.

Prices for natural gas, for example, have more than doubled since last October – increasing by 109.8 percent.

The cost of heating with other energy sources has also risen sharply – the price of firewood, wood pellets or other solid fuels has increased by 108.1 percent since October 2021, while the price of heating oil has increased by 83 percent. Electricity prices have also increased by 26 percent.

A man fills up his car at a gas station in Duisburg. Photo: picture alliance/dpa | Christoph Reichwein

Prices for gasoline and diesel have also risen by more than 22 percent since last year. In October, an average 40-litre tank of Super E10 cost €76 – €10 more than a year ago and €26 more than in 2020. 

Groceries

According to the Federal Statistical Office’s report, private households are now paying on average 20.3 percent more for groceries than in October 2021.

The biggest price hike has been for edible fats and oils – such as butter and cooking oil – which have increased by 49.7 percent since last October.

A girl spreads butter on a slice of bread. Photo: picture alliance/dpa | Patrick Pleul

Dairy products and eggs are 28.9 percent more expensive than a year ago, while vegetables and cereal products are 23.1 and 19.8 percent more expensive respectively.

The statisticians attribute the price increases to supply bottlenecks and problems in the upstream stages of the production chain as the main reasons for these cost hikes. 

READ ALSO: Fact check: Is Germany heading into a recession next year?

Prices for meat have also risen by 19.3 percent within the last year, as the cost of energy, fertilizer and feed has risen sharply, while labour shortages and minimum wage increases have made personnel costs more expensive.

Vocabulary 

Price increases – (die) Preiserhöhungen

Wood pellets – (die) Holzpellets

Heating oil – (das) Heizöl

Dairy products – (die) Molkereiprodukte

Cereal products – (die) Getreideprodukte

We’re aiming to help our readers improve their German by translating vocabulary from some of our news stories. Did you find this article useful? Let us know.

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