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Lagarde notes that euro credibility is now very high

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Lagarde notes that euro credibility is now very high
November 27
13:00 2019

Christine Lagarde, President of the European Central Bank, says that currently the European currency credibility is higher than ever.

More than 75% of the EU population supports the idea of a single currency. “Thanks to the euro, we have a common economic space,” Lagarde noted.

Last month, Christine Lagarde replaced Mario Draghi as President. Last Wednesday she visited Frankfurt, where she signed her name on a large banknote of 20 euros, which will become available in the second half of next year.

Banknotes with the signatures of Draghi and past heads of the department will be available too.

At present, euro is the main currency, which is used in 19 EU countries. In addition, the euro is considered the national currency in another 9 countries.

At the end of November, the ECB presented new 100- and 200- euro banknotes. They have a more intense color, and if you look at them through the light, you can see the image of ancient Europe (in the mythological sense). In addition to external differences, the banknotes have received new protective features.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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