Last Updated 13 | 01 | 2014 at 13:07

Business & Technology / Business

New €10 banknote unveiled in Frankfurt

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di-ve.com news
editorial@di-ve.com

The new €10 banknote was unveiled in Frankfurt today and will enter into circulation on September 23, 2014.

European Central Bank (ECB) Executive Board member Yves Mersch said “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. When we say “The Euro. Our Money”, we really mean it.”

While the new €10 resembles the one first issued in 2002, it has been given a fresh look and has several new and enhanced security features. For example, like the new €5, it includes a portrait of Europa – a figure from Greek mythology and the origin of our continent’s name – in the hologram and the watermark.

During the unveiling event, Mr Mersch added: “Today is also a chance to highlight the importance of maintaining people’s trust in the euro. One of the main reasons for introducing a new series of notes is to ensure that everyone who uses them can continue to do so with complete confidence”.

Like the first series of euro banknotes, the new €10 banknote will be very easy to check manually and visually, using the “feel, look and tilt” method. 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. This means that the banknotes will need to be replaced less frequently, thus lowering costs and reducing the impact on the environment. Over time, the Eurosystem will gradually upgrade all the euro banknotes in ascending order.

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

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