Euro banknote research and development

The Eurosystem has a duty to safeguard the integrity of its banknotes. Accordingly, the European Central Bank, in close collaboration with the National Central Banks, manages, coordinates and funds a wide variety of banknote research and development projects in the public and private sectors. The Banco de España is one of the most active central banks in this area. 

More information on research and development projects funded by the European Central Bank::

The Banco de España and Instituto LENI (Polytechnic University of Valencia) have developed Neurocash®, a new technology that applies the neuroscientific method to the development of cash so that it is more efficient in its life cycle and covers the needs of the entire society.

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