European Central Bank plans to redesign euro banknotes

“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

Euro notes (Niall Carson/PA)

The European Central Bank (ECB) has revealed 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 do not represent any specific place or monument.