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0 Euro - Mikhaïl Gorbatchev

Issuer EuroSouvenir
Year 2021
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Printer Oberthur Fiduciaire (Francois-Charles Oberthur Fiduciaire; FCO; Oberthur Technologies), France (1984-date)
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Obverse description Central vignette with a portrait of Mikhail Gorbachev facing slightly right, with an inset vignette below showing Gorbachev alongside Ronald Reagan. Inscriptions include 'GLASNOST UND PERESTROIKA' and 'EUROSOUVENIR 2021-29' with a denomination of 0 EURO. Guilloche underprint surrounds the design with the series code XEMZ and stars along the lower border.
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Protection type Watermark
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Comments

EuroSouvenir notes occupy a strange niche — legal collector's items with no monetary value, issued to commemorate figures who would never appear on circulating currency. Gorbachev died in August 2022, a year after this note's release, which gives the 2021 date an unintended finality. Oberthur Fiduciaire produced genuine euro banknotes for the Banque de France and several other central banks, so the security infrastructure here — watermarking included — is authentic production-line work, not decorative imitation.

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