Euro notes will be redesigned by ECB 2024

Monday, December 6, 2021 – 13:57

Euro notes will be redesigned by ECB 2024

After appointing an expert committee, public opinion will be sought

Rome, December 6 (askanews) – The European Central Bank has announced that it will redesign Eurobank notes by 2024 and has created an “interdisciplinary group” to suggest “new themes” for this purpose.

But, according to a press release, the redesign process will begin with “the establishment of focus groups responsible for gathering the ideas of citizens across the euro area.” Consultation group of technicians and artists, which will be attended by an expert from each country in the currency area – Fabio Beltram, professor of physics at Scuola Normal de Pisa, has already been selected for Italy – and will be selected in advance to present a series of new topics to the Governing Council.

The members of the group are appointed on the advice of the National Central Banks in the Eurozone and specialize in a wide range of disciplines, from history to natural sciences to social sciences and visual arts to technology. The design of the currently popular euro notes is inspired by the theme “Ages and Styles of Europe”, which represents windows, portals and bridges.

“Euro notes will always be a part of our lives. They are the tangible and visible symbol of our unity in Europe, especially in times of crisis. Also, their demand is still strong, ”said ECB President Christine Lagarde. “Twenty years later, it’s time to renew the look of our notes so that European citizens of all ages and backgrounds can identify with them.”

It says that once the proposals are received, the ECB will invite the public to express themselves on pre-selected topics. So there will be a design competition for new banknotes, at the end of which the ECB will once again address the community. The final decision rests with the Governing Council.

The announcement comes as ECB is moving fast on a project to create a digital euro, which, according to the institution, will not be replaced but will be complemented by money. According to the ECB itself, despite the increase in payments using alternative instruments during the epidemic, the demand for money increased and it plays a fundamental role as a collection of value.

Therefore, “the euro system is taking precise steps to ensure that money continues to be widely accessed and accepted as a means of payment despite the introduction of the digital euro”.

“We want to design euro banknotes that European citizens can recognize and use when they are proud of their currency,” said Fabio Panetta, a member of the executive committee in charge of payment systems. “In parallel with the Inquiry Phase of the Digital Euro Plan, we intend to redesign the Euro Banknote, and through both plans we intend to fulfill our mandate to offer European citizens risk-free currency. (Netherlands), full professor (History, Theory, and Sociology of Graphic Design and Visual Culture), University of Amsterdam; ), University of Cyprus; Elvira Maria Correa Fortunato (Portugal), Vice Rector, Nova University of Lisbon; Fabio Beltram (Italy), Full Professor (Physics of Mathematics) Year; Fintan o Tool (Ireland), full professor (Irish literature), Princeton University, columnist, The Irish Times; Iva Sibarte (Latvia), Head of the Exhibition Center at the Suzy Art Center; Jana Arbaiter (Slovenia), Assistant Professor and Researcher, Faculty of Social Sciences, University of Ljubljana; Marija Marcelonite-Paliouk (Lithuania), Vilnius Academy of Arts full-time professor; Nouria Oliver (Spain), director and co-founder of Ellis Alikan’s Unit, Datapop Alliance Chief Data Scientist; , Director General and Scientific Director, Vienna Museum of Science and Technology; Sylvia Mihalikova (Slovakia), full professor and researcher; ), Photographer; Vladimir Tiger (Estonia), graphic designer, Malta, including Waba Ma ECB A representative will be appointed soon.