New 5 Euro Notes - TVM's don't like them

[Mark Gleeson]

Both Luas and Irish Rail ticket machines reject the newly issued 5 euro note.

Another brilliant example of planning and preparation from those in charge of public transport in Ireland.

This opens a huge can of worms with fare evasion rules, as you have the money but the machine is defective.

[Jamie2k9]

Were they told about the note change, first I heard about them was on Monday.

[Mark Gleeson]

The design was released in January 2013

Banks and major customers get access to the new notes in advance prior to the official circulation date.

[Colm Moore]

Were they told about the note change, first I heard about them was on Monday.There was an announcement several months ago. It is something that you would think vending machine manufacturers and owners would monitor.

[Colm Moore]

http://www.centralbank.ie/press-area/press-releases/Pages/Newnotestoenterintocirculationfrom2May.aspxNew €5 notes to enter into circulation from 2 May
30 April 2013

The Central Bank of Ireland has announced today the introduction into circulation of a new series of euro banknotes across Ireland and the euro area.

The new ‘Europa series’ of banknotes will be phased in over a number of years, starting with the €5 note, which will enter into circulation on the 2 May 2013.

The new note, which is the same size and is similar in appearance to the previous note, includes a number of new security features, including a portrait watermark of the Greek goddess Europa, raised lines along the sides of the note, a shiny emerald colour number and a portrait hologram of Europa.

The new €5 note will circulate alongside the existing €5 note. There is no change to the status of our existing €5 notes which will remain legal tender.

For further details on the new ES2 €5 note and the new Europa series of banknotes, visit www.new-euro-banknotes.ie.


Notes to Editor:

To check the new note’s security features:

As with the first series of euro banknotes, it’s easy to check using the FEEL, LOOK and TILT approach.

FEEL

Feel of the paper – Feel the banknote. It is crisp and firm.
Raised print – the main image, the lettering and the large value numeral feel thicker.

What’s new - On the new banknote, there is a series of short raised lines on the left and right edges.

LOOK

Portrait – Look at the banknote against the light. A faint image showing the value of the banknote and a window becomes visible.

What’s new? – On the new banknote, a portrait of Europa is also visible.

Security Thread - Look at the banknote against the light. The security thread appears as a dark stripe and the value of the banknote can be seen in tiny white lettering.

What’s new? - The € symbol can be seen in the security thread on the new banknote, while the word ‘EURO’ appears in the banknotes of the first series.

TILT

Hologram - Tilt the banknote. The silvery stripe on the right reveals the value of the banknote and the € symbol.

What’s new – Portrait hologram on the new banknote, a portrait of Europa and a window also appear.

Emerald number - tilt the banknote. On the new banknote, the shiny number in the bottom left corner displays an effect of the light that moves up and down. The number also changes colour from emerald green to deep blue.

Some interesting facts about the euro:
* The total number of €5 banknotes in circulation in the Eurozone was €1.55bn as of end March 2013; (As euro banknotes circulate throughout the euro area, it is not possible to provide a specific circulation figure for Ireland.)
* The net issuance number for Ireland of €5 banknote as at end March 2013 was 36.8 million; (Net issuance comprises the number of banknotes issued by the Central Bank less the number of banknotes received by the Central Bank.)
* 11 years: euro banknotes and coins enter into circulation in 2002 ;
* 332 million people use them in the euro area ;
* 15.2 billion banknotes are in circulation with an €883 billion face value (March 2013) ;
* 8 billion banknotes are expected to be produced in 2013 ;
* 531,000 counterfeit notes were taken out of circulation in 2012, with a face value of €26.8 million, a decrease in volume of over 12% from the previous year.

[James Howard]

So basically if you get one of the new fivers hold onto it as it is as good as a ticket if you are travelling between two unattended stations. They simply can't prosecute if you have the cash and the machine won't accept it.

Absolutely ridiculous lack of planning.

[Mark Gleeson]

While legally they can decide they will not accept 5 euro notes, if you have boarded and traveled it becomes a debt and legal tender must be accepted.

[Colm Moore]

I went to Bank of Ireland today. Their automatic lodgement machines aren't accepting them yet.

I then went to Dunnes Stores and their automatic tills are accepting them