What steps are being taken by the European Central Bank and the national central banks to prepare for the arrival of the new €20?
− The new note is being made available to banknote equipment manufacturers, suppliers and owners of machines and authentication devices at the euro area national central banks for testing and adapting of their machines. After the unveiling on 24 February 2015 the new €20 will also be available for testing and adapting outside the central banks.
− A list of banknote authentication devices and of banknote handling machines tested by the Eurosystem central banks indicating whether the equipment accepts the new banknotes is regularly updated here.
− Seminars covering the details of the issuance will be held across the euro area countries. The first of these events was held at the Banca d’Italia in Rome.
− A Partnership Programme provides banknote equipment manufacturers and suppliers, professional organisations and associations as well as their clients and users a range of communication tools and materials to promote the new banknotes. This programme allows partners to receive timely information and to communicate easily and efficiently to their stakeholders.
As a banknote equipment manufacturer, what do we need to do now?
If you have not yet been informed about the new €20 or not had an opportunity to test it, please contact the central bank in your country.
As a bank/retailer/cash handling company, we own some authentication devices and/or banknote sorting machines, so what do we need to do now?
You should contact your supplier and ask how to update your banknote equipment. For your reference, a list of machines and devices that can handle the new banknotes is available on the ECB’s website and will be updated regularly with information on the new €20.
Do not hesitate to contact your national central bank or the European Central Bank if you have any questions or concerns.