The euro was introduced as an available currency in 2002 with a design described by the ECB as “epochs and styles”
The European Central Bank (ECB) is planning a new design of euro banknotes, and the final decision is expected to be made in 2024, the Associated Press reported.
The euro was introduced as an available currency in 2002 with a design
described by the ECB as “epochs and styles” – bridges, arches and buildings from different times, but they are not a specific and well-known monument. So far, the design of the banknotes has undergone minimal changes.
“After 20 years, it is time to reconsider the look of our banknotes and make them more understandable to Europeans of all ages and backgrounds, “said ECB President Christine Lagarde. She said euro banknotes were” a clear symbol that we are all together in Europe, especially in times of crisis “.
The ECB has announced that it will set up special groups
to gather opinions from people in Europe on possible topics for future banknotes. Opinions will be processed by a group of experts, including representatives of all eurozone member states. They will summarize them and send a short list of suggestions to The Governing Council of the ECB.
The Bank states that it will seek the opinion of the public, after which he will hold a competition for the design of the new banknotes and will consult people again. The final decision will be made by the Management Board, which will decide when the new banknotes will be put into circulation.