The European Central Bank (ECB) will select a new design for euro banknotes by 2024.
The eurozone currency was first introduced in 1999, with coins and banknotes being launched in 2002.
“After 20 years, it’s time to review the look of our banknotes to make them more relatable to Europeans of all ages and backgrounds,” ECB President Christine Lagarde said in a statement.
"They are a tangible and visible symbol that we stand together in Europe, particularly in times of crisis, and there is still a strong demand for them.”
The banknotes are currently based on "an 'ages and styles' theme, represented by windows, doorways and bridges," the ECB said.
The Frankfurt-based bank will create focus groups to gather opinions from people across the euro area
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