ECB: Euro banknotes change after 20 years

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The European Central Bank announced on Monday that it intends to redesign euro banknotes, with the final decision on their new appearance expected in 2024.

The euro entered the life of the EU in 2002, with banknotes depicting windows, gates and bridges from various eras that do not represent a specific place or monument. The central bank of the Eurozone countries calls this issue “seasons and style”.

“After 20 years, it is time to rethink the appearance of our banknotes to make them more relevant to Europeans of all ages and backgrounds,” said ECB President Christine Lagarde.

He added that the banknotes “are a tangible and visible symbol that we are united in Europe, especially in times of crisis, and that there is still a strong demand for them”.

The ECB said it would set up groups to gather people across the Old Continent on possible topics for future paperwork.

A “thematic advisory group” with an expert from each eurozone country will then submit a short list of proposed new topics to the ECB Governing Board.

The bank said it would seek public input on the proposals and then run a design contest for the new banknotes, before consulting the public again.

Its board will make the final decision and decide when the new money may be issued.

Who will be the advisory committee?

Cyprus is represented on the Advisory Committee on New Banknotes by the Honorary Professor of Classical Archeology at the University of Cyprus, Dimitrios Michailidis.

The other members, in the order included in the announcement, are: Alice Twemlow (Netherlands – Professor of History, Theory and Sociology of Graphic Arts and Visual Culture, University of Amsterdam), Costas Varotsos (Greece – artist and professor, Department of Architecture, University of Thessaloniki ), Elvira Maria Correia Fortunato (Portugal – Vice-Chancellor, NOVA University of Lisbon), Fabio Beltram (Italy – Professor of Mathematical Physics, Scuola Normale Superiore of Pisa), Fintan O’Toole (Ireland – Professor of Principe, University of Ireland The Irish Times), Ieva Zībārte (Latvia – lead exhibition, Zuzeum Art Center), Jana Arbeiter (Slovenia – Assistant Professor and Researcher, Center for International Studies, University of Ljubljana), Lisa Borgenheimer, Germany Main), Maaria Wirkkala (Finland – artist), Marija Marcelionytė-Paliukė (Lithuania one – Professor, Vilnius Academy of Arts), Nuria Oliver (Spain – Director and Co-Founder, ELLIS Alicante Unit and Head of Data Research, Data-Pop Alliance), Patrick Sanavia (Luxembourg – Director, Luxembourg’s National Heritage Office), (Luxembourg) Austria – Director General and Scientific Director, Vienna Museum of Science and Technology), Silvia Miháliková (Slovakia – Professor and Researcher, Slovak Academy of Sciences, Institute of Sociology, University of Trnova – Strln Stephan Vanfleteren (Belgium – photographer) and Vladimir Taiger (Estonia – graphic designer, Vaba Maa Security Printing House). The appointment of a representative from Malta has not yet been completed.

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