What should I do with 200

The new euro bills : Does the baker have to accept my 200?

Germans love their cash: despite the variety of cards and smartphones, they pay three quarters of all purchases in cash. In no other country in the world do people have as much cash in their wallets as in Germany: the average is 103 euros. From May 2019 you will have to get used to two more new notes. The “Europe series” is complete with the 100 and 200 euro notes, which have not only been given a cosmetic update but also new security features. Anyone who values ​​cash wants to be able to use it without problems. There are a few things to consider here.

More protection against counterfeiting

The Bundesbank had registered 39,700 counterfeit euro notes worth 2.2 million euros in the first half of 2017 when the new, secure 50 euro note came onto the market. 60 percent of them were 50 euro bills, mainly from the old banknote series, which was easier to forge. In the first half of 2018, the number of flowers fell by 22 percent. The new 100 and 200 euro notes are now equipped with eight security features (see graphic). Among other things, a hologram at the top right of the note should make it particularly secure: if you tilt the note slightly, small euro symbols dance around a value marker. The value printed in emerald green at the bottom left also has a second face, if you tilt the note, it reflects the euro symbol. And the portrait window with the mythical figure of Europe, a lover of the god Zeus, whose face the European Central Bank copied from an antique vase from the Louvre in Paris, will make life difficult for the forgers: if you hold the glow against the light, it will The window is transparent, the portrait of Europe can then be seen from both sides.

What if you hold a fake in your hand?

Being able to recognize counterfeit money is not unimportant, because if it is stolen from a consumer, this has consequences: It will not be replaced by banks or the Bundesbank. For example, if you receive five fake hundreds on a car sale, you have to post 500 euros as a minus.

Anyone who continues to use them is even liable to prosecution. However: here, unlike usual, ignorance protects against punishment. Those who unsuspectingly pay with flowers will have nothing to fear. Nevertheless, the police must investigate in order to prove the ignorance and possibly to find the way and manufacturer of the flowers. Processing is free of charge, but it can take four weeks to several months. And from a purely statistical point of view, the risk of having a flower in your wallet is very low.

How to recognize flowers

Most forgeries, however, can also be recognized by a layperson, especially when they are compared with a reliably genuine note, for example from a bank's ATM. The Bundesbank's advice here is: "See, feel, tip." Forgers mostly concentrated on imitating a few security features, according to the Bundesbank. Usually three or even four are missing, so that just looking closely at the note gives the decisive clue. Some features can only be checked by tilting. While real bills are made of cotton and feel firm and handy, the counterfeiters use paper - with a completely different haptic impression.

The quick test pens available in stores, which are occasionally also used at the supermarket checkouts, are not always reliable. In the case of counterfeit money, the pens create a visible stripe through a chemical reaction with the starch in the paper, if it is a flower, because real banknotes do not contain any starch. According to the Bundesbank, however, the counterfeit money could also be provided with a layer that prevents the chemical reaction.

When banknotes are broken

There are also pitfalls for cash fans when the banknotes are burned, torn, perforated, washed in the washing machine at 90 degrees or painted beyond recognition, for example when children have used them to play, the wallet has ended up in the fire while grilling or the Hundreds of people were accidentally washed with the jeans. The rule here is that retailers no longer have to accept completely battered bills. However, if only one corner is torn off, paying with a defective banknote will probably not be a problem, because even damaged the notes remain legal tender.

According to the banking association, consumers can easily repair minor damage or cracks themselves with scotch tape. The notes are then withdrawn when they land at a bank. Banknotes that are more severely damaged also exchange accommodating house banks or the Bundesbank and its branches reliably. However, the following applies here: More than 50 percent of the banknote must be present. Anyone who accidentally chased a two-hundred dollar into the shredder between papers can also bring the Bundesbank a sack with small parts and an “application for reimbursement for damaged euro and DM banknotes and coins” - as long as more than 50 percent of the note is available.

Does everyone have to accept cash?

Cash is true - but that is not always the case. Retailers, craftsmen and service providers are obliged to accept cash for payment. However, the cash requirement does not apply in every conceivable case. For example, if you want to pay for a dress with ten-cent coins, you will rightly be turned away, because no retailer can be forced to accept more than 50 coins for a payment transaction. Banknotes, on the other hand, are unlimited means of payment for private individuals. So if you absolutely want to pay for your new car with ten euro bills, you can do so, even if you could get the dealer's displeasure.

The question of whether the statement that one does not accept 200 or 500 euro bills is admissible is a matter of dispute. It can often be found at petrol stations or at bakers and butchers. The following rule applies here: the information must be proportionate. For example, a retailer can refuse a customer who wants to buy a roll or chewing gum with a 500 euro note and point out that he does not have enough change. However, if a refueler pays for 80 euros with a 200-euro note in spite of the warning, the dealer must accept it, because it is a legal tender.

A customer can also pay with euro commemorative coins and collector coins, but only up to an amount of 200 euros, according to the banking association. This also makes little sense, because the face value of collector coins is almost always below the pure material value and even more below the collector value.

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