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Did you know that euro banknotes are getting a makeover? As the euro turns 25, let’s look at the road ahead for our banknotes. What will future euro banknotes look like, why do we need them, and when can we start using them? 

Join our host Stefania Secola and Sarai Artiles, who works on banknote communications, to find out more.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Published on 10 February 2024 and recorded on 1 February 2024.

In this episode:

00:05 – The euro is turning 25
The euro unites us – it is used by 350 million people in 20 countries! Euro banknotes are a physical reminder of our shared identity. 

01:56 – Why are we redesigning euro banknotes?
Security, environmental aspects and relatability: these are just some of the reasons we are designing a new series of euro banknotes.  

05:28 – Many cultures, one euro 
Euro banknotes are used by people with different backgrounds, cultures, and languages. How can future banknotes represent them all?

08:50 – What will they look like? 
“European culture” and “Rivers and birds” have been selected as the themes for future euro banknotes. Does this mean we already know what they’ll look like? 

10:20 – When can we start using them?
We have the themes, but what’s next in the banknote redesign process? When can we expect to start using these new banknotes? 

12:30 – Our guest’s hot tip

Additional material:

Press release: ECB selects “European culture” and “Rivers and birds” as possible themes for future euro banknotes
https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr231130~cad7fa27ab.en.html

Press release: ECB surveys Europeans on new themes for euro banknotes
https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230710~77cf718c59.en.html

Podcast: All you need to know about euro banknotes
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod220205_episode27.en.html

Webpage: FAQ on the redesign of euro banknotes
https://www.ecb.europa.eu/euro/banknotes/future_banknotes/html/ecb.faq_banknotes_redesign.en.html

Webpage: The redesign process
https://www.ecb.europa.eu/euro/banknotes/future_banknotes/redesign/html/index.en.html

European Central Bank
http://www.ecb.europa.eu/

Lifeline

Future euro banknotes, unpacked

https://open.spotify.com/artist/6TgmKulEQLx1jl6XS5JuEZ?si=SjruNjIoSFOPdw4_TcWarQ

Banknotes

What do Taylor Swift concerts have to do with inflation? When could the digital euro be out? And what will our future euro banknotes look like?

In this special #AskECB episode, our guests answer your questions as we mark The ECB Podcast’s fifth birthday.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Published on 5 October.

In this episode:

01:40 – Taylor Swift’s Eras Tour and inflation
Can individual events, like concerts or football tournaments, affect inflation? Guido Wolswijk, who works on monetary policy at the ECB, explains what “funflation” is and how we monitor it.

8:14 – Our 2% target
What happens if one euro area country has an inflation rate higher than 2%? What can the ECB do in such cases?

11:19 – The digital euro
What might the digital euro be like? Erica Ricci, who works in the digital euro team, tells us about the project and its next steps.

14:44 – The digital euro and private payment providers
What could users expect from the digital euro? And would it replace apps like PayPal in the euro area?

17:09 – New euro banknotes
When will the design contest for our future euro banknotes begin? Satu Hietanen from the banknotes team tells us more about the upcoming competition to design the third series of euro banknotes.

Further reading:

Why are stable prices important
https://www.ecb.europa.eu/ecb-and-you/explainers/tell-me-more/html/stableprices.en.html

Two percent target inflation
https://www.ecb.europa.eu/mopo/strategy/pricestab/html/index.en.html

What would a digital euro be
https://www.ecb.europa.eu/euro/digital_euro/features/html/index.en.html

Future banknotes
https://www.ecb.europa.eu/euro/banknotes/future_banknotes/html/index.en.html

Explore our banknotes in 3D
https://www.ecb.europa.eu/euro/banknotes/current/denominations/html/index.en.html#es2-100

European Central Bank
www.ecb.europa.eu 

European Banking Supervision https://www.bankingsupervision.europa.eu/home/html/index.en.html

“Swiftflation”, banknotes and the digital euro

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The European Central Bank Podcast – bringing you insights into the world of economics and central banking. 

Our hosts Paul Gordon and Stefania Secola talk to experts about the topics and trends that matter to the eurozone economy today.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

New tracks tagged #BankNotes