Speaking at Winchester Cathedral, the resting place of Jane Austen, the Governor said: "Our banknotes serve as repositories of the country's collective memory, promoting awareness of the United Kingdom's glorious history and highlighting the contributions of its greatest citizens".
While this is a lovely quote, and had Austen ever said it, it would have been a flawless fit, the words were never actually spoken by the author - instead it was a quote from one of her most renowned novels, Pride and Prejudice.
It has cost the bank £46million to print the £5 note and £24 million to print the £10 note.
The quotation: "I declare after all there is no enjoyment like reading!" is uttered by a character called Caroline Bingley who in fact has no interest in books and is merely trying to impress Mr Darcy, a potential suitor.
Even before its introduction later this year, the new tenner hasn't escaped controversy.
Meanwhile, a limited supply of a new £2 coin honouring Jane Austen has been put into circulation by the Royal Mint.
The quote was taken from Jane Austen's book Pride and Prejudice.
It is also the first banknote printed by the Bank of England to feature braille, with two clusters of raised dots identifying the note's value for blind or sight-impaired people.
The Governor of the Bank of England, Mark Carney, responded stating, "It captures much of her spirit, that is the quote, you can read it straight, there is no enjoyment like reading, and we agree with that". By the beginning of the 20th Century Jane Austen was a super star of English literature and her fame continues into the era of her likeness on the nation's currency.
The new £10 note will be issued on 14 September 2017 and the public will begin to see them in the following days and weeks as the notes leave cash centres around the country and enter general circulation.
Prof Kathryn Sutherland, curator of the Which Jane Austen? exhibition, said: "It was a portrait that was commissioned by her nephew 50 years after her death. Austen's novels have a universal appeal and speak as powerfully today as they did when they were first published", he added. It is made from a polymer film which the bank claims are to be more durable and harder.
The current ten-pound note features scientist Charles Darwin, famous for his theory of evolution but these will be gradually phased out.