Zero euro souvenir notes have been produced since 2015 under a scheme authorized by the European Central Bank, which permits their manufacture provided they carry a clearly non-negotiable denomination. They are printed to genuine euro security specifications — including cotton substrate, embedded security thread, and UV-reactive inks — by the Oberthur Fiduciaire facility in France, the same contractor responsible for a significant portion of actual euro banknote production across the currency union.
The Milano edition is one of hundreds of location-specific issues in the program. Collector demand in secondary markets is heavily driven by print run size, which varies by vendor and is rarely disclosed publicly.
Zero euro souvenir notes have been produced since 2015 under a scheme authorized by the European Central Bank, which permits their manufacture provided they carry a clearly non-negotiable denomination. They are printed to genuine euro security specifications — including cotton substrate, embedded security thread, and UV-reactive inks — by the Oberthur Fiduciaire facility in France, the same contractor responsible for a significant portion of actual euro banknote production across the currency union.
The Milano edition is one of hundreds of location-specific issues in the program. Collector demand in secondary markets is heavily driven by print run size, which varies by vendor and is rarely disclosed publicly.