European Central Bank reveals its intention to design a more ‘reliable’ euro banknote
Plans to redesign euro banknotes have been revealed by the European Central Bank (ECB) with the aim of making them more accessible to Europeans of all ages and from all backgrounds.
The euro was introduced in cash form in 2002, with banknotes based on what the Frankfurt central bank for the 19-country euro area calls an âages and stylesâ theme – with windows, doors and windows. generic bridges from different eras that do not represent a specific place or monument.
They have undergone a relatively minor update during this time.
“After 20 years, it is time to review the appearance of our banknotes to make them more accessible to Europeans of all ages and from all walks of life,” said ECB President Christine Lagarde.
She said the euro banknotes “are a tangible and visible symbol that we stand together in Europe, especially in times of crisis, and there is always a high demand for them”.
We are planning to redesign the euro banknotes! Almost twenty years have passed since the introduction of euro banknotes. We will be starting the redesign process soon and plan to select new ticket designs by 2024. Press Release https://t.co/a0FD2foa01
– European Central Bank (@ecb)
December 6, 2021
The ECB said it would create focus groups to gather opinions from people across the continent on possible themes for future ratings.
A âthematic advisory groupâ made up of one expert from each euro area country will then submit a shortlist of suggested new themes to the ECB Governing Council.
The bank said it would seek public input on the proposals and then hold a design competition for the new banknotes before consulting the public again.
Its board is expected to make its final decision on the new look by 2024.