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European Central Bank unveils a 'safer' 10-euro note

Jan. 13, 2014 at 4:28 PM   |   Comments

FRANKFURT, Germany, Jan. 13 (UPI) -- Central bank officials in Europe said Monday its new 10-euro note, currently valued at $13.67, was designed to thwart would-be counterfeiters.

"The new banknotes are not only more secure, but their genuineness is much easier to check," said Carl-Ludwig Thiele, head of the German Central Bank.

Deutsche Welle reported Monday the new 10-euro note would be put into circulation in the third quarter of the year.

The European Central Bank said 353,000 counterfeit bills of various denominations were removed from circulation in the final six months of 2013, an 11.4 percent rise over the January through June period.

Overall, the bank noted, there were 15 billion euro notes in circulation in what is now a region that includes 18 countries with the addition of Latvia on Jan. 1.

ThinkSpain reported the central banks throughout the eurozone had issued instructions to help banks and ATM or vending machine companies adapt to the new bill to prevent problems that arose with the release of a five-euro note last May.

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