ECB redesigns euro banknotes in attempt to include

FILE PHOTO: The European Central Bank (ECB) headquarters building is seen in Frankfurt
FILE PHOTO: The European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski/File Photo

December 6, 2021

FRANKFURT (Reuters) – The European Central Bank said on Monday it plans to redesign euro banknotes over the next three years to make them “more relatable” to Europeans of all ages. age and origin.

The ECB focus groups will now collect proposals on the overarching topic of new banknotes from the public in the 19 countries that share the euro, the ECB said.

The new design will replace the windows, doors and bridges of different architectural styles that have adorned euro banknotes since its launch in 2002.

“After 20 years, it is time to look at the look and feel of our banknotes to make them more relatable to Europeans of all ages and backgrounds,” said ECB President Christine Lagarde. ECB President Christine Lagarde said.

The original design was intended to signify unity and openness while being abstract enough not to be traced back to any member state.

But many other Treasurys and central banks have since sought to focus on diversity and inclusivity when designing new notes, with the Federal Reserve choosing the American anti-slavery crusader. African-American Harriet Tubman for his $20 bill.

An advisory group consisting of experts from each euro area country will draw up a curated list of topics and submit it to the ECB Governing Council, which will seek comments. public input before launching a design competition.

After this process and one more public consultation, the Governing Council will make a final decision in 2024.

The last contest was won by Austrian designer Robert Kalina in 1996.

(Reporting by Francesco Canepa; Editing by Emelia Sithole-Matarise) ECB redesigns euro banknotes in attempt to include

Bobby Allyn

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