Euro banknote
Banknote
Ten
euro
|
Value
| 10
Euro
|
---|
Width
| 127 mm
|
---|
Height
| 67 mm
|
---|
Security features
| First series:
hologram
stripe with
perforations
, reflective glossy stripe,
EURion constellation
,
watermarks
, raised printing,
microprinting
,
ultraviolet ink
,
security thread
, matted surface, see-through number,
barcodes
and
serial number
[2]
Europa series: portrait watermark, portrait hologram, emerald number
[3]
|
---|
Material used
| Cotton
fibre
[2]
|
---|
Years of printing
| 1999?2013 (1st series)
[4]
Since 2013 (Europa series)
[4]
|
---|
|
|
Design
| Arch in
Romanesque architecture
[5]
|
---|
Designer
| Robert Kalina
[6]
[7]
|
---|
Design date
| 13 January 2014
[6]
[7]
|
---|
|
|
Design
| Bridge in
Romanesque architecture
and map of
Europe
[5]
|
---|
Designer
| Robert Kalina
[6]
[7]
|
---|
Design date
| 13 January 2014
[6]
[7]
|
---|
The
ten
euro
note
(
€10
) is the second-lowest value
euro banknote
and has been used since the introduction of the euro (in its cash form) in 2002.
[8]
The note is used in the 25 countries which have it as their sole currency (with 23 legally adopting it); with a population of about 343 million.
[9]
In July 2023, there were approximately 3,033,000,000 ten euro banknotes in circulation around the
eurozone
. It is the fourth most widely circulated denomination, accounting for 10.2% of the total banknotes.
[10]
Estimates suggest that the average life of a ten euro banknote is about 1.5 years before it is replaced due to wear.
[11]
It is the second-smallest note measuring 127 × 67 mm with a pink colour scheme.
[5]
The ten euro banknotes depict bridges and arches/doorways in
Romanesque 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.
History
[
edit
]
The euro was founded on 1 January 1999, when it became the currency of over 300 million people in Europe.
[4]
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 the
Italian lira
and the
German mark
.
[4]
Slovenia
joined the
Eurozone
in 2007,
[12]
Cyprus
and
Malta
in 2008,
[13]
Slovakia
in 2009,
[14]
Estonia
in 2011,
[15]
Latvia
on 1 January 2014,
[16]
Lithuania
on 1 January 2015 and
Croatia
on 1 January 2023.
[17]
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.
[4]
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.
[4]
[18]
Changes
[
edit
]
Notes printed before November 2003 bear the signature of the first
president
of the
European Central Bank
,
Wim Duisenberg
, who was replaced on 1 November 2003 by
Jean-Claude Trichet
, whose signature appears on issues from November 2003. Notes issued after March 2012 bear the signature of the third president of the European Central Bank, incumbent
Mario Draghi
.
[5]
A new series, similar to the current one, was released on 23 September 2014.
[19]
The European Central Bank will, in due time, announce when banknotes from the first series lose legal tender status.
[19]
The first series issues do not reflect the expansion of the European Union:
Cyprus
is not depicted on those notes as the map does not extend far enough east;
Malta
is also missing as it does not meet the first series' minimum size for depiction.
[20]
Since the European Central Bank plans to redesign the notes every seven or eight years after each issue, a second series (Europa series) of banknotes was already in preparation in 2012. New production and anti-counterfeiting techniques are employed on the new notes, but the design is of the same theme and similar colours of the current series; bridges and arches. However, they are recognisable as a new series.
[21]
Design
[
edit
]
The ten euro note is the second smallest at 127 millimetres (5.0 in) × 67 millimetres (2.6 in) with a red colour scheme.
[5]
All bank notes depict bridges and arches/doorways in a different historical European style; the ten euro note shows the
Romanesque era
(between the 11th and 12th centuries).
[22]
Although
Robert 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.
[23]
Like all euro notes, it contains the denomination, the
EU flag
, the signature of the president of the
ECB
and the initials of said bank in different
EU languages
, a depiction of EU territories overseas, the stars from the EU flag and twelve security features as listed below.
[5]
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:
- A
hologram
,
[2]
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.
[24]
- A
EURion constellation
,
[2]
- Special printing processes give the euro notes their unique feel.
- A glossy stripe,
[2]
tilt the note and a glossy stripe showing the value numeral and the euro symbol will appear.
- Watermarks
,
[2]
it appears when the banknote is against the light.
- Raised printing,
[2]
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.
[25]
- Ultraviolet ink
,
[2]
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.
[26]
- Microprinting,
[2]
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.
[26]
- A security thread,
[2]
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.
[27]
- Perforations,
[2]
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.
[27]
- A matted surface,
[2]
the note paper is made out of pure cotton, which feels crisp and firm, but not limp or waxy.
[25]
- Barcodes,
[2]
- A serial number.
[2]
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.
[28]
In December 2022, there were 3,009,540,842 €10 banknotes in circulation around the Eurozone.
[28]
for €30,095,408,420.
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 (Nov. 3, 2017) :
Date
|
Banknotes
|
€ Value
|
Date
|
Banknotes
|
€ Value
|
January 2002
|
1,999,737,481
|
19,997,374,810
|
December 2008
|
2,029,872,213
|
20,298,722,130
|
December 2003
|
1,684,604,749
|
16,846,047,490
|
December 2009
|
2,042,277,282
|
20,422,772,820
|
December 2004
|
1,700,450,847
|
17,004,508,470
|
December 2010
|
2,039,265,727
|
20,392,657,270
|
December 2005
|
1,761,362,710
|
17,613,627,100
|
December 2011
|
2,072,931,644
|
20,729,316,440
|
December 2006
|
1,900,510,721
|
19,005,107,210
|
December 2012
|
2,170,679,774
|
21,706,797,740
|
December 2007
|
1,965,455,883
|
19,654,558,830
|
December 2013
|
2,155,551,029
|
21,555,510,290
|
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.
Date
|
Banknotes
|
€ Value
|
Series '1' remainder
|
€ Value
|
Proportion
|
December 2014
|
2,244,302,134
|
22,443,021,340
|
1,361,256,964
|
13,612,569,640
|
60.7%
|
December 2015
|
2,325,766,992
|
23,257,669,920
|
605,953,384
|
6,059,533,840
|
26.1%
|
December 2016
|
2,387,340,411
|
23,873,404,110
|
435,990,864
|
4,359,908,640
|
18.3%
|
December 2017
|
2,504,086,915
|
25,040,869,150
|
360,166,544
|
3,601,665,440
|
14.4%
|
December 2018
|
2,629,767,998
|
26,297,679,980
|
318,176,885
|
3,181,768,850
|
12.1%
|
December 2019
|
2,752,030,608
|
27,520,306,080
|
305,435,695
|
3,054,356,950
|
11.1%
|
December 2020
|
2,831,279,179
|
28,312,791,790
|
286,827,750
|
2,868,277,500
|
10.1%
|
December 2021
|
2,899,677,558
|
28,996,775,580
|
277,991,976
|
2,779,919,760
|
9.6%
|
December 2022
|
3,009,540,842
|
30,095,408,420
|
261,175,059
|
2,611,750,590
|
8.7%
|
The latest figures provided by the ECB are the following :
Date
|
Banknotes
|
€ Value
|
Series '1' remainder
|
€ Value
|
Proportion
|
July 2023
|
3,033,492,529
|
30,334,925,290
|
252,331,889
|
2,523,318,890
|
8.3%
|
Legal information
[
edit
]
Legally, both the European Central Bank and the central banks of the
eurozone
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.
[4]
Tracking
[
edit
]
There are several communities of people at European level, most of which is
EuroBillTracker
,
[29]
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.
[29]
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.
[29]
EuroBillTracker has registered over 155 million notes as of May 2016,
[30]
worth more than €2.897 billion.
[30]
References
[
edit
]
- ^
Institutions
and the members of the
Eurozone
- ^
a
b
c
d
e
f
g
h
i
j
k
l
m
n
"ECB: Security Features"
.
European Central Bank
. ecb.int. 2002. Archived from
the original
on 2012-08-30
. Retrieved
22 October
2011
.
- ^
"ECB: Security features"
.
European Central Bank
. ecb.int
. Retrieved
9 July
2015
.
- ^
a
b
c
d
e
f
g
"ECB: Introduction"
.
ECB
. ECB. 12 November 2020
. Retrieved
21 October
2011
.
- ^
a
b
c
d
e
f
"ECB: Banknotes"
.
European Central Bank
. European Central Bank. 2002
. Retrieved
13 October
2011
.
- ^
a
b
c
d
"ECB: Banknotes design"
.
ECB
. ECB. February 1996
. Retrieved
13 October
2011
.
- ^
a
b
c
d
First series
- ^
"Witnessing a milestone in European history"
.
The Herald
. Back Issue. 1 January 2002. Archived from
the original
on 1 August 2018
. Retrieved
23 October
2011
.
- ^
*
"Andorran Euro Coins"
.
Eurocoins.co.uk
. Eurocoins.co.uk. 2003. Archived from
the original
on 16 August 2012
. Retrieved
15 October
2011
.
- ^
"ECB Statistical Data Warehouse,Reports>ECB/Eurosystem policy>Banknotes and coins statistics>1.Euro banknotes>1.1 Quantities"
.
ECB
. European Central Bank.
- ^
"Circulation of euro banknotes"
. La Banque de France. 4 October 2016.
- ^
"Slovenia joins the euro area - European Commission"
. European Commission. 16 June 2011. Archived from
the original
on 11 September 2013
. Retrieved
6 August
2013
.
- ^
"Cyprus and Malta adopt the euro - BBC NEWS"
.
BBC News
. British Broadcasting Corporation. 1 January 2008
. Retrieved
6 August
2013
.
- ^
Kubosova, Lucia (31 December 2008).
"Slovakia Joins Decade-Old Euro Zone - Businessweek"
.
Bloomberg Businessweek
. Bloomberg. Archived from
the original
on August 6, 2013
. Retrieved
6 August
2013
.
- ^
"Estonia to join euro zone in 2011"
.
RTE News
. Radio Teilifis Eireann. 13 July 2010
. Retrieved
6 August
2013
.
- ^
Van Tartwijk, Maarten; Kaza, Juris (9 July 2013).
"Latvia Gets Green Light to Join Euro Zone -WSJ.com"
.
Wall Street Journal
. Wall Street Journal
. Retrieved
31 July
2013
.
- ^
"Croatia joins the euro area"
.
European Central Bank
. January 2023
. Retrieved
2023-09-10
.
- ^
"Press kit - tenth anniversary of the euro banknotes and coins"
(PDF)
.
ECB
. Central Bank of Ireland. 2011. Archived from
the original
(PDF)
on 14 November 2012
. Retrieved
21 August
2012
.
- ^
a
b
"DISCOVER THE NEW €10 BANKNOTE"
(PDF)
.
ECB
. ECB. 13 January 2014
. Retrieved
24 January
2014
.
- ^
European Central Bank
.
"The Euro: Banknotes: Design elements"
. Retrieved
2009-07-05
.
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.
- ^
The life cycle of a banknote
Archived
2007-09-26 at the
Wayback Machine
,
De Nederlandsche Bank
. Accessed 2007-08-17.
- ^
"ECB: Banknotes"
.
European Central Bank
. ecb.int. 2002
. Retrieved
5 December
2011
.
- ^
"Money talks - the new Euro cash"
.
BBC News
. December 1996
. Retrieved
13 October
2011
.
- ^
"ECB:Tilt"
.
ECB
. ecb.int. 1 January 2002. Archived from
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on 2012-10-19
. Retrieved
22 October
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.
- ^
a
b
"ECB: Feel"
.
ECB
. ecb.int. 1 January 2011. Archived from
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on 2011-10-21
. Retrieved
22 October
2011
.
- ^
a
b
"ECB: Additional features"
.
ECB
. ecb.int. 1 January 2002. Archived from
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on 2011-10-23
. Retrieved
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.
- ^
a
b
"ECB: Look"
.
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. ecb.int. 1 January 2002. Archived from
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on 2011-10-23
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.
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a
b
"ECB: Circulation"
.
ECB
. European Central Bank. 7 May 2022.
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a
b
c
"EuroBillTracker - About this site"
.
Philippe Girolami, Anssi Johansson, Marko Schilde
. EuroBillTracker. 1 January 2002.
Archived
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. Retrieved
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.
- ^
a
b
"EuroBillTracker - Statistics"
.
Philippe Girolami, Anssi Johansson, Marko Schilde
. EuroBillTracker. 1 January 2002
. Retrieved
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2011
.
External links
[
edit
]
|
---|
General
| |
---|
Administration
| |
---|
Fiscal provisions
| |
---|
Economy
| |
---|
International status
| |
---|
Denominations
| |
---|
Coins by country with minting rights
| |
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| |
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Potential adoption by
other countries
| |
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| |
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| |
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History
| General
| |
---|
Previous EU members
and euro
| |
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Preceding currencies
| |
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Former fiscal provisions
| |
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|
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|