New 50 euro note going into circulation in Europe

Also, investors remain keen to watch the European Central Bank (ECB) President Mario Draghi's speech scheduled for later in the day.

Look: a portrait window will contain a hologram of the Greek figure Europa, which becomes transparent when held against the light.

Feel: there will be raised lines along the side of the note, which will also help the visually impaired to recognise the fradulant notes. In terms of transaction values, that's slightly over half.

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He added that the survey on the use of cash ordered by the European Central Bank shows that over 75 percent of payments in outlets of the euro zone are carried out with cash.

FRANKFURT, April 4 Germany's Bundesbank was forced to buy more loss-making government debt in March to do its part in the European Central Bank's money-printing programme, aimed at boosting inflation in the euro zone, ECB data showed on Tuesday. The results - compiled by trade publication Central Banking Publications and the bank HSBC earlier this year - show some respondents have cut their entire exposure to the euro, while others have reduced their holdings of investments denominated in euros to the bare minimum.

The design of the note is similiar to new €5, €10 and €20 notes introduced in recent years. The old €50 notes are still legal tender and will be gradually withdrawn from circulation.

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President of the European Council Donald Tusk attends a joint press conference in Valletta, Malta, Friday, March 31, 2017 . But he held out the hope that talks could move on to future trade relations within a matter of months.

Their reports indicate that there are around €37 billion worth of fake notes in circulation around Europe at the moment.

New €100 and €200 banknotes featuring improved security against counterfeiting are set be issued at the beginning of 2019.

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He also earned at least $750,000 from equity buyout and partner-distribution income from the law firm Michael Best & Friedrich. Associated Press writers Chad Day, Jack Gillum and Josh Boak contributed to this report.

(Copyright © 2015. All Rights Reserved.)
 
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