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New €10 banknote starts circulating tomorrow

22/09/2014 by

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  • The note is more resistant to counterfeiting and is easy to check.
  • The Eurosystem has supported producers and owners of banknote machines and devices in getting ready for the new note.
  • An online video “Discover the new €10 banknote”, available in 23 languages, is a quick and easy way to learn about it.

The €10 banknote of the Europa series will enter into circulation on 23 September 2014. “It’s essential that everyone who uses euro banknotes can continue to do so with complete confidence. That’s why we’re introducing the Europa series”, said Yves Mersch, the ECB’s Executive Board member responsible for banknotes.

Like the new €5, the new €10 has several enhanced security features as well as a fresh look. Its hologram and watermark include a portrait of Europa, a figure from Greek mythology. It also has an “emerald number”. When tilted, the shiny number displays an effect of the light that moves up and down, and also changes colour from emerald green to deep blue. With these features and others, the new €10 is very easy to check using the “feel, look and tilt” method.

To facilitate the introduction of the new banknote and to ensure it is as widely recognised as possible, the Eurosystem has taken many measures to further support the producers and owners of banknote handling machines and authentication devices. One initiative was to make new €10 banknotes available for testing purposes almost nine months ahead of the launch, allowing sufficient time for the equipment to be adapted. Another initiative was to simplify the procedures to receive the new €10 banknotes for adaptation purposes. In addition, the Eurosystem organised – as part of the Eurosystem Partnership Programme – a banknote-related seminar in Brussels, while the national central banks were in direct contact with the relevant stakeholders in their country.

The European Central Bank has received confirmation from the national central banks of the euro area that they have done everything that could be reasonably expected within their capacity to facilitate the adaptation of banknote handling machines and authentication devices in their countries for the new note.

“To make the launch of the new €10 go as smoothly as possible, I urge all those owning banknote equipment to make sure that it can handle the new banknotes,” Mr Mersch said.

The €10 banknotes of the first series will continue to be issued in order to use up stocks. They will circulate alongside the Europa series €10 before being phased out later on and eventually ceasing to be legal tender. This change in their status will be announced well in advance.

This article has been extracted from http://www.ecb.europa.eu/, pleas click on this link to read the article in full http://www.ecb.europa.eu/press/pr/date/2014/html/pr140922.en.html

Montash is a multi-award winning, global technology recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

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