The European Central Bank has revealed the shortlisted design proposals for the next series of euro banknotes, marking a significant milestone in the currency's ongoing modernization.

The central bank simultaneously launched a public survey, inviting citizens across the euro area to provide feedback on the visual concepts.

This move initiates the final phase of public engagement before the ECB selects the definitive designs for the new banknotes.

The announcement comes as the ECB continues to balance the physical and digital future of the euro.

While the central bank is advancing its digital euro initiative by onboarding financial institutions for upcoming pilot programs, the physical banknote remains a critical component of the monetary system.

The new designs aim to reflect European culture and history while incorporating advanced security features to combat counterfeiting.