Banknotes and Coins Glossary

Banknotes and Coins Glossary

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Uncirculated banknote 

New banknote which has not been put into circulation.

Unusable banknote 
A banknote that a central bank considers unsuitable for circulation due to its bad state of use. The central bank that removes the banknotes from circulation is responsible for their destruction.
Usable banknote 
A used banknote that the central bank considers suitable for circulation.

Abbreviation of ultraviolet. UV properties are incorporated into euro notes.