The European Central Bank (ECB) is considering a design change for Euro notes. According to a report by the Journal, a final decision on the new look is expected in 2024.
The Euro currencies was introduced in cash back in 2002 and currently used in 19 member states.
“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.
The ECB said it will create focus groups to gather opinions from people across the continent on possible themes for the future notes.
A theme advisory group which consists one expert from each eurozone country will be appointed to submit short list of suggested new themes to the ECB’s governing council. Public opinions and ideas will also be sought.
Its governing council will make a final decision and decide on when the new banknotes might be issued.