What is a Zero Euro?
The 0 euros was first started in 2015 by Frenchman— Richard Faille. It has been licensed by the European Central Bank, authorized by the Bank of France, and printed by the Oberthur Fiduciaire of France. The 0 Euro series is the world's most popular commemorative collection of banknotes. It is the first to use the unique idea of 0 as the face value, spanning the gap between commemorative banknotes and commemorative vouchers. The standard of printing and anti-counterfeiting technology for the Zero Euro banknote series is considered the highest among all of the Euro banknotes. It displays famous tourist attractions and cultural symbols of various countries, and strives to promote the development of global tourism.
According to classical economic theory, the use of denominated banknotes as collections that have been withdrawn from circulation is equivalent to having the amount of currency reduced in actual circulation, thereby exacerbates deflationary pressures that are no longer conducive to macroeconomic regulation and control of regional economies.
In order to alleviate this problem, the attribute of being a legal tender has been imparted to commemorative banknotes issued by a number of countries. That is, while having their circulation restricted, not counting the amount in the currency circulation, they become the non-circulating commemorative banknotes that we usually see today. And, this is the source of primary demands for the introduction of zero-denominated commemorative banknotes.
In addition, in order to demonstrate its “neutral” status among all participating states, the ECB must not allow any individual’s portrait, or any visible scenic spot of any particular country to appear on the currency notes. Yet regardlessly, a zero-valued voucher does not possess any circulative nature, and the commemorative theme also has a non-restrictive advantage. Based on these above-mentioned factors, the European Central Bank has drastically licensed the issuance of zero-denominated commemorative banknotes.