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After this and an extra public consultation, the Governing Council will make the ultimate conclusion by 2024.
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FRANKFURT -The European Central Financial institution claimed on Monday it designs to revamp the euro's banknotes above the next a few decades to generate them "a lot more relatable to Europeans of all ages and backgrounds".
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On the front of both number of euro banknotes, windows and doorways are revealed. They symbolise the European spirit of openness and cooperation. The bridges within the back symbolise communication in between the individuals of Europe and involving Europe and the rest of the globe.
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The new euro banknotes benefit from improvements in banknote technological innovation. The new security features present greater defense against counterfeiting.
Along with cash, the Eurosystem would thus supply households with yet another type of central bank money that can be utilized quickly, very easily and securely.
Euro banknotes have various security features which make them simple to authenticate without the necessity for Distinctive devices.