Say goodbye to euro banknotes as you have always known them. There European Central Bank, on input from the president Christine Lagarde, successor of Mario Draghi at Eurotower, it has decided to renew the paper image of banknotes by 2024. “After twenty years – Lagarde announced herself – it is time to update the appearance of our banknotes so that Europeans of all ages and origins can identify with them “. Despite the impulses of various European governments to favor electronic payments and discourage the use of cash to favor users and traceability of payments on the one hand and to discourage tax evasion on the other, cash remains the favored form of payment for Europeans. “Their request remains intense,” acknowledged the president of the ECB.
Therefore, a new look” also to strengthen the link between citizens and “the euro institution”. New on arrival tickets of 100 and 200 euros. The process, explains the newspaper, will start with the organization of “discussion areas”: citizens of the various countries will have their say on the preferred topics to be represented on cash. Therefore, an “advisory group” composed of an expert from each European country (already appointed by the ECB) will have to present to the board of directors of theEurotower the list of selected themes. So soon we will say goodbye, in all probability, to the guiding themes of current designs: “Times and styles”, with windows, doors and bridges.
After receiving the ok from public opinion, the ECB will proceed with a design call for the new banknotes, with the definitive go-ahead that will be up to the Governing Council. “We want to develop euro banknotes that European citizens can proudly identify and use as money”, the Italian motivated the change. Fabio Panetta, member of the executive committee of the ECB. “The banknote redesign process will go hand in hand with our research on the digital euro.”