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ECB launches new 10-euro banknotes

23 September 2014, 19:06 CET
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ECB launches new 10-euro banknotes

10 euro notes - ECB

(FRANKFURT) - The European Central Bank announced that the new 10-euro banknote will start circulating from Tuesday.

The ECB is gradually phasing in new banknotes to replace those in circulation since the euro became a physical currency in January 2002.

It started with new five-euro banknotes in May 2013 and new 10-euro notes are being introduced from September 23.

To mark the launch, the ECB uploaded public information ads in 23 different languages on the YouTube platform and also a gallery of photos on the social media site Flickr.

In addition, the ECB used its account on the micro-blogging Twitter site, offering followers a chance to win an iPad by posting a "selfie" with a new 10-euro note.

Like the new five-euro note, the new 10-euro note has enhanced security features.

Its hologram and watermark include a portrait of Europa, a figure from Greek mythology. It also has an "emerald number", which when tilted changes colour from emerald green to deep blue.

The 10-euro banknotes of the first series will continue to be issued in order to use up stocks. They will circulate alongside the Europa series 10-euro notes before being phased out later on and eventually ceasing to be legal tender.

Earlier this month, the German central bank of Bundesbank said the launch of new 10-euro banknotes would not be hit by the same hiccups as those experienced with five-euro notes in 2013.

In Germany, software glitches meant that not all vending machines -- such as rail ticket or parking ticket machines -- immediately accepted the new five-euro notes last year.

National rail operator Deutsche Bahn insisted that such problems had been ironed out this time round.

 


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