×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Europe | Euro Banknotes

ECB Plans to Redesign Euro Bills, Decision Expected in 2024

ECB Plans to Redesign Euro Bills, Decision Expected in 2024

Monday, 06 December 2021 05:01 AM EST

BERLIN (AP) — The European Central Bank said Monday that it 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 don't represent any specific place or monument. They have undergone one relatively minor update in that time.

“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 in a statement.

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. 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.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The European Central Bank said Monday that it 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...
Europe,Euro Banknotes
237
2021-01-06
Monday, 06 December 2021 05:01 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved