— After 20 years, it is time to look at our banknotes and develop them so that Europeans – regardless of their age and other factors – can identify with them more – says the president of the ECB, Christine Lagarde.
As reported by German wavenew banknotes are to be developed and put into use in a “multi-stage” fashion. The final decision on this matter is to be taken by the ECB authorities in 2024. However, it is certain that at least a few years will pass between accepting the appearance of the banknotes and putting them into use.
It is also not certain whether the current denominations of euro banknotes will remain, or whether the management of the ECB will decide to make some changes here.
The same anyway EBC he hinted that paper notes will still remain in circulation – even though there is a lot of talk in the world about replacing classic money with electronic payments.
“Cooperation with citizens”
