New Euro issue 2008...

grob-e · Post by **grob-e** » Tue Nov 29, 2005 5:37 pm

Hi!

Well, in the newspapers I sometimes read about a new Euro issue that is scheduled for 2008. I just can't stop wondering, whether the 2002 issue will keep their value then until the bills are torn by natural usuage or they will all be put "out of service" by a day and you will have to change them again into the new issue.

So, in case of the second possibility, what will happen to all the bills that are already entered until then at Eurobilltracker? Would the database be resetted for the second issue? And do we have to build up a new database? In case of this it would take some time to make EBT so big as it is right now, and the hitratio would surely decrease drastically. And will I ever get a hit before 2008? hmmm...

Just wondering...
Grobi

Klazu · Post by **Klazu** » Tue Nov 29, 2005 8:06 pm

I believe it takes many years for all the "old" notes to vanish from circulation. And this happends by normal use. I don't think that banks would start to remove old notes just because they're old.

So old notes will eventually be lost. But new ones will be entered. This is how it always works. So no need to worry.

redrabbit · Post by **redrabbit** » Tue Nov 29, 2005 8:33 pm

Klazu wrote:I believe it takes many years for all the "old" notes to vanish from circulation. And this happends by normal use. I don't think that banks would start to remove old notes just because they're old.

So old notes will eventually be lost. But new ones will be entered. This is how it always works. So no need to worry.

Agreed, it's like the coins, the image might change but that doens't change a thing realy.

And there still is a lot of reserve at the banks, so it will take a while before all the 'old' ones are used

Fons · Post by **Fons** » Tue Nov 29, 2005 9:19 pm

That's right.
And I can add another thing and that is that the database will never be deleted.

Mr Euro · Post by **Mr Euro** » Tue Nov 29, 2005 9:56 pm

Even if we have to start over, we now have an userbase of 70.000 members. In the early days we took a week to get 1000 bills in the system, now it's like 25.000 a day!

lazza · Post by **lazza** » Wed Nov 30, 2005 1:09 pm

Is that definitely true?

In England, when they introduce a new design, the old note is only legal tender for a short while afterwards (but I guess it depends on how different the new note is - I think the new designs in England maybe have more security features, so the older style is then taken our of circulation).

tintin6971 · Post by **tintin6971** » Wed Nov 30, 2005 2:54 pm

I suppose the changes will only be to had the new countries to the maps, so old and new bills should circulate !

helloggs · Post by **helloggs** » Wed Nov 30, 2005 6:15 pm

But it were new notes that were discussed, not coins. At least on all notes I've ever seen there is a huge map covering Europe from Iceland to Turkey, part of Africa is on it and even this island that can be found between France and Ireland!

Actually I don't think that the issuance of the new series is done only because of the new Euro members. In this document ECB says that mainly updating the security features is the reason. This file is worth reading, you learn for example that the strongest demand for new banknotes are

and

and that the average denomination in the Euro zone is 54 EUR!! Never thought it would be that high.

Interesting is also the Wikipedia entry about the euro notes, I am pretty sure it was written by a tracker, although probably not from EBT, because it is only the second site in the list of links. First one is eurotracer and ECB is not mentioned at all...

avij · Post by **avij** » Wed Nov 30, 2005 9:42 pm

helloggs wrote:and ECB is not mentioned at all...

Huh? Look closer, it's there.

BogPoet · Post by **BogPoet** » Thu Dec 01, 2005 12:46 am

avij wrote:
helloggs wrote:and ECB is not mentioned at all...
Huh? Look closer, it's there.

Not in the links section.