Tuesday, June 6, 2023

The Bank of Spain reminds you to follow the ‘5-step’ rule when you shop around

Everyone looks at cash payments in shops, bars and restaurants on an almost daily basis, and often puts money aside, not much more than making sure it’s the right amount.

The Bank of Spain has published an article in which it warns that the coins are authentic and emphasizes that everyone can do this review.

To do this, the agency recommends putting into practice what it calls the “rule of five steps”, which indeed consists of five points;

1-. Check that the coin is indeed Euros. “You must ensure that it is not a currency from a country that does not belong to the Eurosystem”, emphasizes the Bank of Spain, which explains that “on all euro coins, on one face, the common face, the number appears with the value of the coin and the word euro or eurocent and the European table”: “And on the other side, the national, the year of minting and the image that identifies the outgoing country appear surrounded by 12 stars.” the center of the European flag outside the coin.

2-. At night The constitution suggests holding a coin between two fingers and turning it on itself: “The images on both sides must be measured vertically. This is called a ‘currency turn’.”

3-. Convention. “Look at the plan of the common European board. Starting in 2007 the plan was slightly changed to include the entire European continent and not only in the European countries as in the first plan. So if the coin has a year of mining. After 2007, we have to look for the whole board of Europe”, says the Bank of Spain , which advises that the monetary year can be verified on the national side.

4-. Magnetism. The organization indicates that the one and two euro coins are slightly magnetic, but only in the center. “This experiment, anyone will make a small magnet. He must bring the coin closer to the center, so that it sticks, but the magnet must be light enough,” he said, that is, one, two; and the five coins “are very magnetic and do not attract from the magnet”, but those 10, 20 and 50 cents “are not magnetic at all”.

5-. The Bank of Spain also advises that the European map should be carefully considered: “On the two- and two-euro coins, this must have a rough surface on one side. It will never be smooth.”

José Manuel Tarifa, from the Coin Analysis Unit, also advises: “Do not accept coins that appear to have been abused or badly damaged.”

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news


Please enter your comment!
Please enter your name here