The euro began to be part of our lives exactly 20 years, even though the “conversion” between old and new currency actually began several years earlier from a financial point of view, as did the minting of new coins and printing of the new banknotes. Even money, while being part of a recent currency such as the euro, is destined to change and change constantly, precisely to adapt to various contexts.
Replacement of paper money
Banknotes now constitute the main form of liquid money, and net of their technological “evolution”, which made paper money much more difficult to “forge” than in the past, it enjoys a conceptual problem, unrelated to individual currencies: In fact, liquid money is extremely “volatile” from a fiscal point of view and is difficult to trace from the point of view of transactions. Not surprisingly, it remains the preferred “means” to “hide” money movements, which in fact are increasingly widespread and diversified through electronic money.
“The euro banknotes will disappear”: here is the shocking revelation
Even if the “replacement” of banknotes has always been constant for years, the European Central Bank has begun to change something especially in relation to the most important banknote denominations, often used by criminal organizations to “conceal” illegal movements. In fact, it is no coincidence that the 500 euro format has not been printed for several years, and very soon the 200 euro denomination could have the same fate.
In fact, from 2024 the process for the production of a third series of Community banknotes will begin, through a rather long process, which will lead to the current banknotes being replaced over the course of the decade. It is still too early to define the generic “farewell” of banknotes which is certainly part of the plans by Western governments but will not be revealed or feasible in the short term.
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