FRANKFURT — The European Central Bank plans to redesign euro banknotes — and ordinary people will have a say in the new look.
The redesign process will start with gathering opinions across the eurozone on possible themes for the future banknotes, the central bank said in a press release Monday. An advisory group representing different nationalities and areas of expertise will then create a short list of themes. Following the proposals from the advisory group and a design competition, the ECB will call on the public for its input.
The Governing Council will then have the final say in the process, which is expected to be concluded by 2024.
The design of euro banknotes is a politically sensitive issue. Typical banknotes images — such as famous poets, composers or buildings — run the risk that one member state or another feels underrepresented or slighted. At present, banknote designs are based on an “ages and styles” theme, represented by windows, doorways and bridges.
“Euro banknotes are here to stay. They 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,” said ECB President Christine Lagarde. “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.”
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