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		</div><p>The European Central Bank (ECB) has revealed plans to redesign its euro banknotes, with a final decision on the new look expected in 2024.</p>
<p>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.</p>
<p>They have undergone one relatively minor update in that time.</p>
<p>“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.</p>
<p>She said that euro banknotes “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”.</p>
<p>The ECB said it will create focus groups to gather opinions from people across the continent on possible themes for the future notes.</p>
<p>A “theme advisory group” with one expert from each eurozone country will then submit a shortlist of suggested new themes to the ECB’s governing council.</p>
<p>The bank said it will seek public input on the proposals, then hold a design competition for the new banknotes before again consulting the public.</p>
<p>Its governing council will make a final decision and decide on when the new banknotes might be issued.</p>
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