Cyprus Mail
Business Cyprus

New €10 banknote unveiled

The new €10 banknote of the Europa series will start circulating on September 23, 2014, the central bank said on Monday.

It will be easily recognisable as its design is similar to the €10 of the first series. The design incorporates advances in banknote technology, making the note even more resistant to counterfeiting. It will also be more durable.

The banknotes of the Europa series are being introduced gradually over several years.

Some 334 million people in 18 countries now use the euro.

The ECB’s Executive Board member Yves Mersch unveiled the new €10 banknote in Frankfurt on “Twelve 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,” he said.

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 in the hologram and the watermark.

During the unveiling event, Mersch also commented: “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.



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