The European Central Bank Will Not Issue A King Faisal Banknote
The Claim
The European Central Bank is introducing a banknote featuring the late Iraqi King Faisal.
News posted on
Emerging story
On Facebook and Twitter, accounts are circulating a photo claiming that the European Central Bank has issued a zero-euro currency note featuring the late Iraqi King Faisal.
Misbar’s Analysis
The Misbar team investigated the claim and found it to be false. The European Central Bank (ECB) did not release any information about the issuance of new banknotes, nor did they directly issue zero euro currency notes. Only seven different denominations of banknotes are currently in use, as shown on the ECB's website (5, 10, 20, 50, 100, 200, and 500).
The Zero Euro banknote is a commemorative banknote printed privately under the authority of the ECB. The note has the same characteristics as a genuine Euro, except that it has no real value. The zero Euro notes are printed at a "private fiduciary facility" and used for souvenirs and to promote tourism. As an example, some notes feature images of famous landmarks, such as Big Ben and the Eiffel Tower. Euro Souvenir Scheine reports that on October 21, 2021, a commemorative King Faisal Zero Euro note will be released. Although these were not issued by the European Central Bank (ECB), they were privately distributed.
According to the findings, the ECB did not issue any banknotes with the image of King Faisal on them. While a zero euro note was issued, it was not issued by the ECB.
