New design

The euro banknotes are to be given a new face before the end of this decade. Instead of simple bridges, windows and gates, they could in future show more emotional motifs, such as well-known personalities or real buildings. “After 20 years, it is time to take a close look at the design of our banknotes and design them in such a way that Europeans, regardless of age or background, can better identify with them,” said Christine Lagarde, President of the Europäische Central Bank (ECB).

Today the euro is the means of payment for 342 million people in the European Union. Some of them should now have a say in the selection of the new design. First of all, pollsters are to survey citizens from the euro zone in order to find topics for the banknotes. An advisory group, in which an expert from each EU country is represented, will then propose a selection of topics to the Council of the ECB. After that, the ECB will again ask the public for their opinion on these issues. The Governing Council intends to make the final decision on the new design in 2024.

The Council will also determine whether the current denominations will remain and whether additional security features will be added. Should the council take a decision in 2024, the new banknotes would probably not be brought to the people until years later after extensive tests. A first suggestion for a motif recently came from the EU Parliament: The FDP politician Moritz Körner would like the Biontech founders Uğur Şahin and Özlem Türeci on one of the notes.

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