Business & Economy

ECB unveils new €10 banknote

13 January, 2014

The European Central Bank unveiled on Monday, in Frankfurt, the new €10 banknote which starts circulation on September 23 2014.

The new €10 will be easily recognisable as its design is similar to the €10 of the first series, a Cyprus Central Bank press release says.

It is further added that the design incorporates advances in banknote technology, making the note even more resistant to counterfeiting. It will also be more durable.

Euro banknotes, the press release continues, “are a tangible symbol of the European Union. 334 million people in 18 countries now use the euro”.

Presenting the new €10 banknote, the ECB’s Executive Board member Yves Mersch said that “12 years after the euro banknotes and coins were introduced, it’s easy for us to take them for granted and to forget what an ambitious, even bold, project it was to introduce the euro”.

“The single currency has helped to bring millions of Europeans together, in all our diversity, and the banknotes and coins are a tangible symbol of our determination to support the European Union”, he noted.

“When we say, “The Euro. Our Money”, we really mean it”, Mersch stressed.

In addition to the portrait of Europa in the hologram and the watermark, the notes include an emerald number, which changes colour from emerald green to deep blue when tilted.

The €5 and €10 banknotes of the Europa series are more durable as they have a protective coating, the press release says.

The Eurosystem is taking steps to support the adaptation of cash-handling machines and authentication devices by the September launch date.

It is noted that owners of such equipment are advised to contact their suppliers or manufacturers as soon as possible in order to get ready for the new €10 note.