It has been introduced as part of the second series of the Euro banknote, named the Europa series, which has already welcomed the new €5, €10 and €20 notes.

Speaking to the Irish Farmers Journal, Stefanie Van Delft of the European Central Bank said that “with over 100,000 people attending the event yesterday and lots coming again today, it is the perfect opportunity to present the note to the public and for us at the Central Bank to be closer to the public and explain what we are doing”.

With this new series, we are trying to enhance and integrate more security features

The new note has been introduced to prevent counterfeit notes from being made and will come into circulation on 4 April 2017.

Van Delf explained: “It is now more than 10 years since the euro has come and with new technologies advancing, it is getting easier to counterfeit notes. So with this new series, we are trying to enhance and integrate more security features.”

New safety features on this new note include a look, feel and tilt function, where you can see the face of Princess Europa from Greek mythology on the note. You can also feel the raised edge of the note and, when you tilt the note, you can see the hologram with Princess Europa change colour, as well as become see-through when raised towards the light.