The new euro €50 banknote will be unveiled on 5 July 2016 by the European Central Bank.
The €50 note is the fourth of the second series of euro currency banknotes – named Europa – to be issued, following the release of the €5 in May 2013, the €10 in September 2014 and the €20 in November 2015. The €50 note is expected to be issued into circulation in the spring of 2017.
Banknote equipment manufacturers and industry associations are working with the ECB to ensure equipment will be able to accept the new banknote once it has been issued. Speaking of the preparations, the ECB’s Director of Banknotes, Ton Roos, said:
“We – the Eurosystem and our industry partners – have started to prepare for the introduction of the new €50 note early on, to ensure businesses are ready so that people can use their new banknotes smoothly everywhere as of the day they enter into circulation.”
Of all the euro currency banknotes which are circulating today, the €50 is the most widely used of all denominations with more than 8 billion banknotes in circulation, around 45% of the total.
To read the ECB’s press release in full, click here.
Read about the Europa Series on the ECB website.
More information will be available on the SMI website after the new banknote’s launch.