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The European Central Bank (ECB) has today issued a press release announcing the new €10 banknote.

The new banknote, part of the recently released Europa series, will begin to circulate on the 23rd September 2014, allowing retailers and other cash handlers time to prepare for its release into circulation.

The new banknote design will gradually replace the previous €10 banknote design, of which there are over 2 billion banknotes currently in circulation.

Users of the currency will not see much of a difference with the new banknote, as its design is similar to its predecessor. The new note differs by its use of new banknote technology with the intention of making it more difficult to be counterfeited, and more durable enabling it to last longer in circulation.

At the unveiling event, Mr Yves Mersch, the ECB’s Executive Board member said:

“Today is also a chance to highlight the importance of maintaining people’s trust in the euro. One of the main reasons for introducing a new series of notes is to ensure that everyone who uses them can continue to do so with complete confidence”.

Source: European Central Bank