Bank of Spain signs agreement with Universitat Politècnica de València to research color perception in banknotes with dynamic effects
06 May 2026
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Who is affected:
Bank of Spain and Universitat Politècnica de València as parties to the agreement
Summary
The Bank of Spain collaborates with UPV to study how color is perceived in security elements with dynamic effects on banknotes. The project is called CODYN.
Detailed analysis
PRO
The Bank of Spain publishes a collaboration agreement with the Universitat Politècnica de València focused on analyzing color perception in security features with dynamic effects, called the CODYN project. These types of agreements aim to improve the security elements of euro banknotes to prevent counterfeiting. The re…
Full official title
Resolución de 20 de abril de 2026, del Banco de España, por la que se publica el Convenio con la Universitat Politècnica de València, para el «Análisis de percepción del color en características con efectos dinámicos (CODYN)».