Mario Draghi, President of the European Central Bank (ECB), unveiled the ‘Europa series’ €5 banknote, with his signature featured under the EU flag. It will be issued, on 2 May 2013.
The presentation was the highlight of the opening of a “New Face of the Euro” exhibition, at the Archaeological Museum in Frankfurt am Main from 11 January to 10 March 2013.
The new €5 banknote benefits from some new and enhanced security features. The watermark and hologram display a portrait of Europa, a figure from Greek mythology – and hence the name of this series of banknotes.
An eye-catching “emerald number” changes colour from emerald green to deep blue, and displays a vertically moving light effect. Short raised lines on the left and right edges of the banknote make it easier to identify the banknote, especially for visually impaired people.
Cyrillic: A political signal
Most importantly, the new note features for the first time the word 'Euro' in Cyrillic: Евро, along with the Greek Ευρώ. Since Bulgaria, the only EU country using the Cyrillic alphabet, is not yet a member of the eurozone, this could be seen as a political signal of the ECB’s trust in the future enlargement of the European single currency area.
Two candidate countries, Macedonia and Serbia, also use the Cyrillic alphabet.
The name ‘Cyrillic alphabet’ honours the younger of the Cyril and Methodius brothers, born in Thessaloniki at the beginning of the 9th Century, who created the Glagolitic and then the Cyrillic alphabets with the aim to have the Bible and other texts translated into Slavic languages [more].
The new banknotes of the ‘Europa’ series with denominations of €10, €20, €50, €100, €200 and €500, will be introduced over the next few years, in ascending order. Their “ages and styles” design and dominant colours will be the same as the first series.
Gradually, the first series will be withdrawn and eventually cease to be legal tender - with advance warning. But first series' banknotes will retain their value indefinitely and be exchangeable at euro-area national central banks at any time.