ECB presented 10 design options for new euro banknotes
Kyiv • UNN
The European Central Bank has presented 10 design options for the new generation of euro banknotes. Voting among eurozone citizens will last until September 21, with the final design to be determined at the end of the year.
The European Central Bank has presented 10 design options for the new generation of euro banknotes and opened a vote among citizens of the eurozone countries, which will last until September 21. This was reported by Bloomberg, writes UNN.
Details
ECB President Christine Lagarde presented sketches in two thematic categories – "European Culture" and "Rivers and Birds." After the public vote concludes, the ECB Governing Council plans to determine the final design by the end of the year.
The project will be the first major update of euro banknotes since the introduction of the common European currency over 20 years ago. The current series features images of fictional bridges and gates that do not depict real architectural landmarks.
New banknotes are being developed in parallel with the digital euro
Euro banknotes are more than just a means of payment; they are one of the most tangible expressions of Europe
The ECB is working on updating paper banknotes simultaneously with preparations for the launch of the digital euro. Earlier this month, the regulator selected 36 payment service providers that will participate in a 12-month pilot project starting in the second half of 2027.
The process of updating the banknote design has been ongoing since 2021 and also includes the modernization of their security features. The ECB has not yet announced the exact timeline for issuing the new banknotes, noting that after the design is approved, it will undergo refinement, testing, and only then enter circulation.
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