EE Times Reports European Central Bank Plans to Embed Electronics in Paper Euros
EE Times, the industry news source for engineers and technical managers, reports today that the European Central Bank's plans to embed tiny circuits and transmitters in paper Euro banknotes as a way to prevent counterfeiting and track illegal cash transactions.
Veteran consumer electronics editor Junko Yoshida describes how the ECB is working with at least two major European semiconductor manufacturers to embed radio-frequency identification (RFID) chips into what could be billions of Euro bills. These electronically-tagged paper bills are expected to be introduced by 2005.
Experts were noted as saying the move would be a fundamental departure from conventional security measures used for paper currency, such as holograms, foil stripes, micro-printing and watermarks.
The technology used would be a knock-off of "smart labels" and "contactless cards" now used to tag airline luggage, library books and other products.
The report can be viewed on EE Times' website, http://www.eetimes.com/. An expanded version of the story will appear in EE Times' December 26 print edition.
EE Times is a technology and business newsweekly serving the information needs of more than 160,000 engineers and technical managers. EE Times.com and its specialized online communities, such as Planet Analog, EEdesign.com, CommsDesign.com and The Work Circuit, average more than 400,000 unique visitors and 1.5 million page views each month. The EE Times Network is published by CMP Media LLC, headquartered in Manhasset, NY.
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