The new €10 started circulating on 23 September 2014. It is the second banknote of the Europa series to be launched after the new €5, which started circulating on 2 May 2013. On 13 January 2014 Yves Mersch, member of the ECB’s Executive Board, unveiled the new €10. The other banknotes in the series will be introduced gradually over several years, in ascending order. The denominations remain unchanged: €5, €10, €20, €50, €100, €200 and €500. Press releases
The ECB and the national central banks of the Eurosystem are conducting an information campaign about the Europa series, which includes a dedicated website. The campaign aims to help the public recognise the new notes and their security features. In June 2014, the Eurosystem distributed information materials on the Europa series and specifically on the €10 to professional cash handlers working in over 3 million shops and banks in the euro area. To mark the launch of the new €10, a social media competition called "Selfie with the new €10" is being held via Twitter and Instagram from 23 September until 30 November 2014.
The Eurosystem is aware of the issues encountered in some countries following the introduction of the new €5. While it has taken several measures to further support the adaptation of banknote handling machines, by making new €10 banknotes available to the industry well ahead of the launch and intensifying the cooperation with all relevant stakeholders, it is in the end up to the owners of the machines to update them so that they can process the new banknotes. In addition to these measures and in the framework of the Eurosystem Partnership Programme, the Eurosystem held a large number of seminars and bilateral meetings with industry stakeholders in the run-up to the launch, with a view to ensuring that they received the necessary information in a timely manner.
Lists are available on the ECB’s website of banknote authentication devices and handling machines which have been tested by the Eurosystem central banks and adapted to recognise the new €5 and €10 banknotes. Of course, the new banknotes can also be easily checked using the simple "FEEL, LOOK and TILT" method, as with the first series of euro banknotes.
The new euro banknotes incorporate enhanced security features that draw on advances in banknote security and technology. The new security features of the Europa series are easy to locate on the banknotes, keep the new notes up to date in terms of image reproduction technology, and ensure that the banknotes remain resistant to counterfeiting.
The security features of the Europa series are easy to check using the "feel, look and tilt" method. No tools are necessary.
LOOK at the banknote against the light. A faint image becomes visible and shows a portrait of Europa, the value of the banknote and a window.
TILT the banknote. The silvery stripe reveals a portrait of Europa – the same one as in the watermark. The stripe also shows a window and the value of the banknote.
TILT the banknote. The shiny number displays an effect of the light that moves up and down. The number also changes colour from emerald green to deep blue.
FEEL the banknote. On the front, there is a series of short raised lines on the left and right edges. The main image, the lettering and the large value numeral also feel thicker.
LOOK at the banknote against the light. The security thread appears as a dark stripe. The € symbol and the value of the banknote can be seen in tiny white lettering in that stripe.
The new banknotes are called the Europa series because two of their security features contain a portrait of Europa – a figure from Greek mythology and the origin of the name of our continent.
The new banknotes are being introduced gradually over several years, in ascending order, so the €5 and the €10 will be followed by the €20, then the €50, etc. The denominations remain unchanged: €5, €10, €20, €50, €100, €200 and €500.
The exact timing of the issuance of the remaining denominations will be determined and communicated to the public and cash handlers at a later stage.
The new series includes new and enhanced security features which offer better protection against counterfeiting.
The new banknotes represent an evolution. They still feature the "ages and styles" design of the first series and show the same dominant colours, but have been slightly modified to accommodate the enhanced security features. This also makes them easy to distinguish from the first series. An independent banknote designer based in Berlin, Reinhold Gerstetter, was selected to refresh the design of the notes.
As with the first series of banknotes, visually impaired users were consulted during the design phase of the Europa series, which led to the inclusion of specific features in the final designs.
The first two denominations of the Europa series to be issued were the €5 and €10 banknotes. As both denominations change hands frequently since they are often used for change, they have a thin protective coating to make them more durable. This means that the banknotes will need to be replaced less frequently, thereby reducing the cost and the impact on the environment.
As with the €5, the new and the first series €10 will be issued in parallel until the remaining stocks of the first series €10 have been used up. The €10 notes of the first series will be gradually phased out.
The date when the first series of euro banknotes ceases to be legal tender will be announced well in advance. However, the banknotes of the first series will always retain their value: they can be exchanged for an unlimited period of time at the Eurosystem NCBs.