The European Central Bank (ECB) has revealed plans to redesign its euro banknotes, with a final decision on the new look expected in 2024.
The euro was introduced in cash form in 2002, with banknotes based on what the Frankfurt-based central bank for the 19-nation euro area calls an “ages and styles” theme – with generic windows, doorways and bridges from various eras that do not represent any specific place or monument.
They have undergone one relatively minor update in that time.
🧵We’re planning to redesign euro banknotes! Almost twenty years have passed since euro banknotes entered into circulation. We will soon launch the redesign process and expect to select new banknote designs by 2024. Press release https://t.co/a0FD2foa011/3 pic.twitter.com/yMsCkumPWD
— European Central Bank (@ecb) December 6, 2021
“After 20 years, it’s time to review the look of our banknotes to make them more relatable to Europeans of all ages and backgrounds,” ECB president Christine Lagarde said.
She said that euro banknotes “are a tangible and visible symbol that we stand together in Europe, particularly in times of crisis, and there is still a strong demand for them”.
The ECB said it will create focus groups to gather opinions from people across the continent on possible themes for the future notes.
For almost 20 years now, euro banknotes have been a tangible symbol of European integration and unity, particularly in times of crisis. I am happy to announce we will review the look of our banknotes as we update them for modern Europeans of all ages and backgrounds. https://t.co/jyriTFeIlj
— Christine Lagarde (@Lagarde) December 6, 2021
A “theme advisory group” with one expert from each eurozone country will then submit a shortlist of suggested new themes to the ECB’s governing council.
The bank said it will seek public input on the proposals, then hold a design competition for the new banknotes before again consulting the public.
Its governing council will make a final decision and decide on when the new banknotes might be issued.
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel