European Central Bank unveils proposed designs for new euro banknotes

The European Central Bank (ECB) has officially introduced ten candidate designs for the next generation of euro banknotes, marking a significant visual update 24 years after the currency's initial circulation. More than 1,200 graphic designers participated in a Europe-wide competition, proposing themes categorized into two primary motifs: 'European Culture,' focusing on shared identity and creativity, and 'Rivers and Birds,' highlighting nature that transcends national borders.

Public participation is a core component of this transition, with a consultation process currently open for citizens to vote on their preferred designs until September 26, 2026. This redesign initiative is part of an ongoing effort to modernize the currency used by over two billion people since 2002.

While most denominations are being redesigned, the 500-euro note will be permanently excluded from this new series. The ECB previously discontinued the production of this high-denomination note due to concerns regarding its potential use in illicit activities, such as money laundering, given its efficiency in transporting large sums of cash. Existing 500-euro banknotes remain legal tender and will not lose their value, though they will not be reissued in the new format.