There are three reasons for producing new banknotes: the note is badly damaged and has been removed from circulation, there is increased seasonal demand for cash or an unexpectedly high need for cash. The European Central Bank (ECB) creates a central forecast of the number of banknotes needed for

What are euro banknotes made out of?

There are three reasons for producing new banknotes: the note is badly damaged and has been removed from circulation, there is increased seasonal demand for cash or an unexpectedly high need for cash. The European Central Bank (ECB) creates a central forecast of the number of banknotes needed for ea

In Germany, it is usually customary to tip five to ten percent of the bill as a thank-you for good service. In some countries, however, the standard percentage given as a tip is higher, and in others you might even end up insulting someone by providing a tip. We have collected a list of appropriate tips for a variety of locations, as well as any other peculiarities to watch out for when tipping while on holiday.

Five suggestions for tipping on holiday

According to the Deutsche Bundesbank, over 55,000 fake euro notes were identified in 2023. That represents a total nominal value of 5.1 million euros. The most common counterfeits are 20 and 50 euro notes.&nbsp;

You cannot exchange a counterfeit note for a real one, so be careful if you notice an

How to recognise counterfeit money?

Germans are generous at Christmas: statistics show that they spend an average of 281 euros per person on their loved ones. In addition to gift certificates, they’re not opposed to putting cash under the Christmas tree.

Do I need to take care of anything before giving cash in Germany? What amount 

Money as a Christmas present – are there rules or limits?

How much pocket money should children get? Tips on teaching them how to manage money

Pocket money helps children learn to handle money responsibly. They learn that different items cost different amounts, what they can afford and what they can save up for. For many parents, setting up a children’s bank account is the next meaningful step in supporting their children as they learn to 

Children’s and teen bank accounts: learning to handle money responsibly

Again and again, young people brag about their debts to "buy now, pay later" providers on the net. In this text, you will find out why paying on account does have advantages. We also give you five tips against over-indebtedness.


Buy now, pay later - a debt trap?

In a policy paper, the German Banking Industry Committee (GBIC) for the first time sets out detailed thoughts on the design of a “digital euro”. In this paper, experts from Germany’s five national banking associations draw up an ecosystem of innovative forms of money that extends far beyond the idea of digitalised central bank money, which is referred to as Central Bank Digital Currency (CBDC).

Cash

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What are euro banknotes made out of?

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