The ECB has announced plans to introduce new eco-friendly euro banknotes from the 2030s
Quick Look
- The European Central Bank has announced that new euro banknotes with improved security features, greater environmental friendliness and ease of use will go into circulation from the early 2030s.
- A design decision will be made by the end of 2026 based on a technical assessment, recommendations from an independent jury and the results of a survey of 9.96 million people.
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Why It Matters
The European Central Bank is carrying out a redesign of the euro banknotes, including a public survey and technical assessment of options.
New euro banknotes, which will be more environmentally friendly, easier to use and have improved security features, will be introduced into circulation from the early 2030s. This was reported on the website of the European Central Bank (ECB).
The decision on the design of the banknotes will be made by the end of 2026. The regulator's governing board will rely on a technical assessment, the recommendation of an independent jury and a large-scale survey that took place from July 23 to September 21.
9.96 million people in Europe and other countries took part in the vote. In the eurozone, 2.6 percent of the population chose one design option or another, while the ECB notes that young people are more active in this issue.
They were offered ten design options, divided into the themes “European Culture” and “Rivers and Birds”. At this stage, the regulator decided not to disclose the results of the survey.
Open Questions
- What themes and images will be chosen for the new banknotes?
- When exactly in the 2030s will the introduction of new banknotes into circulation begin?
- What specific improvements in security features and environmental friendliness will be implemented?
