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10 euro note

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From Wikipedia, the free encyclopedia
Euro banknote

Banknote
Teneuro
CountryEurozone (mainly) and other countries
Value10euro
Width127 mm
Height67 mm
Security featuresFirst series:hologram stripe withperforations, reflective glossy stripe,EURion constellation,watermarks, raised printing,microprinting,ultraviolet ink,security thread, matted surface, see-through number,barcodes andserial number[1]
Europa series: portrait watermark, portrait hologram, emerald number[2]
Material usedCottonfibre[1]
Years of printing1999–2013 (1st series)[citation needed]
Since 2013 (Europa series)[citation needed]
Obverse
DesignArch inromanesque architecture[3]
DesignerRobert Kalina (1st series)[4]
Reinhold Gerstetter (Europa series)[5]
Design date3 December 1996 (1st series)[4]
13 January 2014 (Europa series)[6]
Reverse
DesignBridge inromanesque architecture and map ofEurope[3]
DesignerRobert Kalina (1st series)[4]
Reinhold Gerstetter (Europa series)[5]
Design date3 December 1996 (1st series)[4]
13 January 2014 (Europa series)[6]

Theteneuro note (€10) is the second-lowest valueeuro banknote and has been used since the introduction of the euro (in its cash form) in 2002.[7] The note is used in the 25 countries (andKosovo) that have it as their sole currency (with 24 legally adopting it), which countries have a total population of about 350 million currently.[8] In July 2024, there were approximately 3 055 000 000 ten euro banknotes in circulation around theeurozone. It is the fourth most widely circulated denomination, accounting for 10.2% of the total banknotes.[9] Estimates suggest that the average life of a ten euro banknote is about 1.5 years before it is replaced due to wear.[10]

It is the second-smallest note measuring 127 × 67 mm with a pink colour scheme.[3] The ten euro banknotes depict bridges and arches/doorways inromanesque architecture (between the 11th and 12th centuries). The ten euro note contains several complex security features such as watermarks, invisible ink, holograms and microprinting that document its authenticity.

The design of the Europa series 10 euro banknote was revealed on 13 January 2014 and launched on 23 September 2014.[11]

History

[edit]
Main article:History of the euro

The euro was founded on 1 January 1999, when it became the currency of over 300 million people in Europe.[12] For the first three years of its existence it was an invisible currency, only used in accountancy. euro cash was not introduced until 1 January 2002, when it replaced the national banknotes and coins of the countries in eurozone 12, such as theItalian lira and theGerman mark.[12]

Slovenia joined theeurozone in 2007,[13]Cyprus andMalta in 2008,[14]Slovakia in 2009,[15]Estonia in 2011,[16]Latvia on 1 January 2014,[17]Lithuania on 1 January 2015 andCroatia on 1 January 2023.[18]

The changeover period

[edit]

The changeover period during which the former currencies' notes and coins were exchanged for those of the euro lasted about two months, going from 1 January 2002 until 28 February 2002. The official date on which the national currencies ceased to be legal tender varied from member state to member state.[12] The earliest date was in Germany, where the mark officially ceased to be legal tender on 31 December 2001, though the exchange period lasted for two months more. Even after the old currencies ceased to be legal tender, they continued to be accepted by national central banks for periods ranging from ten years to forever.[12][19]

Changes

[edit]
Design for the first series of ten euro notes
Obverse
Reverse

Notes printed before November 2003 bear the signature of the firstPresident of theEuropean Central Bank,Wim Duisenberg, who was replaced on 1 November 2003 byJean-Claude Trichet, whose signature appears on issues from November 2003 to March 2012. Notes issued from March 2012 to July 2020 bear the signature of the third President,Mario Draghi.[20] Notes issued since July 2020 bear the signature of the fourth President,Christine Lagarde.[21]

Until May 2013 there was only one series of euro notes, however a new series, similar to the first one, was planned to be released.[22] The bank notes would be replaced in ascending order.[23] Therefore, the first new note was the five-euro note that has been in circulation since 2 May 2013. Its new design was made public on 10 January 2013 in the Archaeological Museum ofFrankfurt (Germany).[24] While broadly similar to the previous notes, minor design changes include an updated map and a hologram ofEuropa.[25]Moreover, the new notes reflect the expansion of the European Union; the previous issues do not include the membersCyprus andMalta (Cyprus is off the map to the east and Malta was too small to be depicted[26]). It would be the first time in which theBulgarian Cyrillic alphabet would be used on the banknotes as a result ofBulgaria joining the European Union in 2007. Therefore, the new series of Euro banknotes would include "ЕВРО", which is the Bulgarian spelling for EURO as well as the abbreviation "ЕЦБ" (short forЕвропейска централна банка inBulgarian).[27]

The design of the Europa series 10 euro banknote was revealed on 13 January 2014 and launched on 23 September 2014.[11] Banknotes from the first series are legal tender and will always retain their value. They will continue to circulate alongside the Europa series until the remaining stocks have been used up.[28]

A third series of banknotes, with an entirely new design, is due to be issued by the ECB starting in the late 2020s. Two themes for the new design, "European culture" and "Rivers and birds" were presented in November 2023,[29] with the motifs chosen for each theme and denomination and theme being presented in January 2025. If the former theme is chosen, ten-euro notes will depict the German composerLudwig van Beethoven on the obverse, and a choir singing at a song festival on the reverse. If the latter theme is chosen, they will depict akingfisher in a waterfall on the obverse, and theseat of the European Commission on the reverse.[30]

Design

[edit]
10 euro banknote under fluorescent light (UV-A)
10 euro note under UV light (Obverse)
Obverse
10 euro note under UV light (Reverse)
Reverse
Printer code on the 10 euro note.
Close up of the printer code on the 10 euro note, showing micro printing, raised lettering andEURion design

The ten euro note is the second smallest at 127 millimetres (5.0 in) × 67 millimetres (2.6 in) with a red colour scheme.[3] All bank notes depict bridges and arches/doorways in a different historical European style; the ten euro note shows theRomanesque era (between the 11th and 12th centuries).[31] AlthoughRobert Kalina's original designs were intended to show real monuments, for political reasons the bridge and art are merely hypothetical examples of the architectural era.[32]

Like all euro notes, it contains the denomination, theEU flag, the signature of the president of theECB and the initials of said bank in differentEU languages, a map of Europe, a depiction of EU territories overseas, the stars from the EU flag and twelve security features as listed below.[3]

10 euro note picture by a camera with no IR filter and normal photo for comparison on the right.
Comparison of a note under infrared light(left), and a note under normal light(right)

Security features (first series)

[edit]

As a lower value note, the security features of the ten euro note are not as high as the other denominations, however, it is protected by:

  • Ahologram,[1] tilt the note and one should see the hologram image change between the value and a window or doorway, but in the background, one should see rainbow-coloured concentric circles of micro-letters moving from the centre to the edges of the patch.[33]
  • AEURion constellation,[1]
  • Special printing processes give the euro notes their unique feel.
  • A glossy stripe,[1] tilt the note and a glossy stripe showing the value numeral and the euro symbol will appear.
  • Watermarks,[1] it appears when the banknote is against the light.
  • Raised printing,[1] special methods of printing makes the ink feel raised or thicker in the main image, the lettering and the value numerals on the front of the banknotes. To feel the raised print, run your finger over it or scratch it gently with your fingernail.[34]
  • Ultraviolet ink,[1] Under ultraviolet light, the paper itself should not glow, fibres embedded in the paper should appear, and should be coloured red, blue and green, the European Union flag looks green and has orange stars, the ECB President signature turns green, the large stars and small circles on the front glow and the European map, a bridge and the value numeral on the back appear in yellow.[35]
  • Microprinting,[1] On numerous areas of the banknotes you can see microprinting, for example, inside the "ΕΥΡΩ" (EURO in Greek characters) on the front. You will need a magnifying glass to see it. The tiny text is sharp, and not blurred.[35]
  • A security thread,[1] The security thread is embedded in the banknote paper. Hold the banknote against the light - the thread will appear as a dark stripe. The word "EURO" and the value can be seen in tiny letters on the stripe.[36]
  • Perforations,[1] Hold the banknote against the light. You should see perforations in the hologram which will form the € symbol. You should also see small numbers showing the value.[36]
  • A matted surface,[1] the note paper is made out of pure cotton, which feels crisp and firm, but not limp or waxy.[34]
  • Barcodes,[1]
  • A serial number.[1]

Security features (Europa series)

[edit]
  • Watermark: When the note is held under a normal light source, a portrait of Europa and an electrotype denomination appear on either side.
  • Portrait Hologram: When the note is tilted, the silver-coloured holographic stripe reveals the portrait of Europa-the same one as in the watermark. The stripe also reveals a window and the value of the banknote.
  • Emerald Number: When the note is tilted, the number on the note displays an effect of light that moves up and down. The number also changes colour from emerald green to deep blue.
  • Raised Printing: On the front of the note, there is a series of short raised lines on the left and right edges. The main edge, the lettering and the large value numeral also feel thicker.
  • Security Thread: When the note is held against the light, the security thread appears as a dark line. The Euro symbol (€) and the value of the banknote can be seen in tiny white lettering in the thread.
  • Microprint: Tiny letters which can be read with a magnifying glass. The letters should be sharp, not blurred.
  • Ultraviolet ink: Some parts of the banknote shine when under UV or UV-C light. These are the stars in the flag, the small circles, the large stars and several other areas on the front. On the back, a quarter of a circle in the centre as well as several other areas glow green. The horizontal serial number and a stripe appear in red.
  • Infrared light: Under infrared light, the emerald number, the right side of the main image and the silvery stripe are visible on the obverse of the banknote, while on the reverse, only the denomination and the horizontal serial number are visible.

Circulation

[edit]

The European Central Bank is closely monitoring the circulation and stock of the euro coins and banknotes. It is a task of the Eurosystem to ensure an efficient and smooth supply of euro notes and to maintain their integrity throughout the euro area.[37]

In December 2023, there were 3,077,244,980 ten euro banknotes in circulation around the eurozone.[37] for €30,772,449,800.

This is a net number, i.e. the number of banknotes issued by the Eurosystem central banks, without further distinction as to who is holding the currency issued, thus also including the stocks held by credit institutions.

Besides the date of the introduction of the first set to January 2002, the publication of figures is more significant through the maximum number of banknotes raised each year. The number is higher the end of the year, except for this note in 2002.

The figures are as follows (3 November 2017):

DateBanknotes€ ValueDateBanknotes€ Value
January 20021,999,737,48119,997,374,810December 20082,029,872,21320,298,722,130
December 20031,684,604,74916,846,047,490December 20092,042,277,28220,422,772,820
December 20041,700,450,84717,004,508,470December 20102,039,265,72720,392,657,270
December 20051,761,362,71017,613,627,100December 20112,072,931,64420,729,316,440
December 20061,900,510,72119,005,107,210December 20122,170,679,77421,706,797,740
December 20071,965,455,88319,654,558,830December 20132,155,551,02921,555,510,290

In September 2014, a new 'Europe' series was issued.

The first series of notes were issued in conjunction with those for a few weeks in the series 'Europe' until existing stocks are exhausted, then gradually withdrawn from circulation. Both series thus run parallel but the proportion tends inevitably to a sharp decrease in the first series.

DateBanknotes€ ValueSeries '1' remainder€ ValueProportion
December 20142,244,302,13422,443,021,3401,361,256,96413,612,569,64060.7%
December 20152,325,766,99223,257,669,920605,953,3846,059,533,84026.1%
December 20162,387,340,41123,873,404,110435,990,8644,359,908,64018.3%
December 20172,504,086,91525,040,869,150360,166,5443,601,665,44014.4%
December 20182,629,767,99826,297,679,980318,176,8853,181,768,85012.1%
December 20192,752,030,60827,520,306,080305,435,6953,054,356,95011.1%
December 20202,831,279,17928,312,791,790286,827,7502,868,277,50010.1%
December 20212,899,677,55828,996,775,580277,991,9762,779,919,7609.6%
December 20223,009,540,84230,095,408,420261,175,0592,611,750,5908.7%
December 20233,077,244,98030,772,449,800246,231,6742,462,316,7408.0%

The latest figures provided by the ECB are the following:

DateBanknotes€ ValueSeries '1' remainder€ ValueProportion
July 20243,055,297,75930,552,977,590216,209,2282,162,092,2807.1%

Legal information

[edit]

Legally, both the European Central Bank and the central banks of theeurozone countries have the right to issue the 7 different euro banknotes. In practice, only the national central banks of the zone physically issue and withdraw euro banknotes. The European Central Bank does not have a cash office and is not involved in any cash operations.[12]

Tracking

[edit]

There are several communities of people at European level, most of which isEuroBillTracker,[38] that, as a hobby, it keeps track of the euro banknotes that pass through their hands, to keep track and know where they travel or have travelled.[38] The aim is to record as many notes as possible to know details about its spread, like from where and to where they travel in general, follow it up, like where a ticket has been seen in particular, and generate statistics and rankings, for example, in which countries there are more tickets.[38] EuroBillTracker has registered over 155 million notes as of May 2016,[39] worth more than €2.897 billion.[39]

References

[edit]
  1. ^abcdefghijklmn"ECB: Security Features".European Central Bank. ecb.int. 2002. Archived fromthe original on 30 August 2012. Retrieved22 October 2011.
  2. ^"ECB: Security features".European Central Bank. ecb.int. Retrieved9 July 2015.
  3. ^abcde"ECB: Banknotes".European Central Bank. European Central Bank. 2002. Retrieved13 October 2011.
  4. ^abcd"Banknotes design".ECB.int. European Central Bank. February 1996. Archived fromthe original on 10 May 2013. Retrieved13 October 2011.
  5. ^ab"Europa series design - ECB - Our Money". www.new-euro-banknotes.eu. 2013. Retrieved6 August 2013.
  6. ^ab"ECB: Europa series".ECB. 2013. Retrieved24 June 2013.
  7. ^"Witnessing a milestone in European history".The Herald. Back Issue. 1 January 2002. Archived fromthe original on 1 August 2018. Retrieved23 October 2011.
  8. ^*"ECB: Map of euro area".ECB. ecb.int. 1 January 2023. Retrieved25 November 2024.
  9. ^"ECB Statistical Data Warehouse, Reports>ECB/Eurosystem policy>Banknotes and coins statistics>1.Euro banknotes>1.1 Quantities".ECB. European Central Bank.
  10. ^"Circulation of euro banknotes". La Banque de France. 4 October 2016.
  11. ^ab"New €10 banknote unveiled in Frankfurt today".
  12. ^abcde"ECB: Introduction".ECB. ECB. 12 November 2020. Retrieved21 October 2011.
  13. ^"Slovenia joins the euro area - European Commission". European Commission. 16 June 2011. Archived fromthe original on 11 September 2013. Retrieved6 August 2013.
  14. ^"Cyprus and Malta adopt the euro - BBC NEWS".BBC News. British Broadcasting Corporation. 1 January 2008. Retrieved6 August 2013.
  15. ^Kubosova, Lucia (31 December 2008)."Slovakia Joins Decade-Old Euro Zone - Businessweek".Bloomberg Businessweek. Bloomberg. Archived fromthe original on 6 August 2013. Retrieved6 August 2013.
  16. ^"Estonia to join euro zone in 2011".RTÉ News. Radió Teilifís Éireann. 13 July 2010. Retrieved6 August 2013.
  17. ^Van Tartwijk, Maarten; Kaza, Juris (9 July 2013)."Latvia Gets Green Light to Join Euro Zone -WSJ.com".Wall Street Journal. Wall Street Journal. Retrieved31 July 2013.
  18. ^"Croatia joins the euro area".European Central Bank. January 2023. Retrieved10 September 2023.
  19. ^"Press kit - tenth anniversary of the euro banknotes and coins"(PDF).ECB. Central Bank of Ireland. 2011. Archived fromthe original(PDF) on 14 November 2012. Retrieved21 August 2012.
  20. ^"The signature of Mario Draghi on euro banknotes". 13 January 2011. Retrieved7 December 2024.
  21. ^Pierre (7 July 2020)."First euro banknote signed by Christine Lagarde, ECB's president".Numismag.
  22. ^"ECB Monthly bulletin- August 2005 - THE EURO BANKNOTES: DEVELOPMENTS AND FUTURE CHALLENGES"(PDF).ECB. ecb.int. August 2005. Retrieved21 August 2012.p.43, section 'THE SECOND SERIES OF EURO BANKNOTES'
  23. ^Eurosystem to introduce second series of euro banknotes – the "Europa" series
  24. ^Eurosystem unveils the Europa series €5 banknote
  25. ^Randow, Jana (1 September 2012)."ECB Said to Use Greek Myth for Security on New Euro Notes".Bloomberg. Bloomberg. Retrieved7 August 2013.
  26. ^European Central Bank."The Euro: Banknotes: Design elements". Retrieved5 July 2009.The banknotes show a geographical representation of Europe. It excludes islands of less than 400 square kilometres because high-volume offset printing does not permit the accurate reproduction of small design elements.
  27. ^"Superimpose - ECB - Our Money". Our Money. 2013. Archived fromthe original on 13 February 2013. Retrieved7 August 2013.
  28. ^Current banknotes
  29. ^Bank, European Central (30 November 2023)."ECB selects "European culture" and "Rivers and birds" as possible themes for future euro banknotes".
  30. ^"ECB selects motifs for future euro banknotes" (Press release).European Central Bank. 31 January 2025. Retrieved31 January 2025.
  31. ^"ECB: Banknotes".European Central Bank. ecb.int. 2002. Retrieved5 December 2011.
  32. ^"Money talks - the new Euro cash".BBC News. December 1996. Retrieved13 October 2011.
  33. ^"ECB:Tilt".ECB. ecb.int. 1 January 2002. Archived fromthe original on 19 October 2012. Retrieved22 October 2011.
  34. ^ab"ECB: Feel".ECB. ecb.int. 1 January 2011. Archived fromthe original on 21 October 2011. Retrieved22 October 2011.
  35. ^ab"ECB: Additional features".ECB. ecb.int. 1 January 2002. Archived fromthe original on 23 October 2011. Retrieved22 October 2011.
  36. ^ab"ECB: Look".ECB. ecb.int. 1 January 2002. Archived fromthe original on 23 October 2011. Retrieved22 October 2011.
  37. ^ab"ECB: Banknotes and coins circulation".ECB. European Central Bank. 7 May 2022.
  38. ^abc"EuroBillTracker - About this site".Philippe Girolami, Anssi Johansson, Marko Schilde. EuroBillTracker. 1 January 2002.Archived from the original on 7 May 2013. Retrieved21 October 2011.
  39. ^ab"EuroBillTracker - Statistics".Philippe Girolami, Anssi Johansson, Marko Schilde. EuroBillTracker. 1 January 2002. Retrieved21 October 2011.

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