{{featured_button_text}}
New ECB boss Lagarde adds her signature to euro banknotes

The new President of the European Central Bank Christine Lagarde adds her signature to an oversize euro banknote at the ECB in Frankfurt, Germany, Wednesday, Nov. 27, 2019.

FRANKFURT, Germany (AP) — The new president of the European Central Bank has added her signature to euro banknotes, which she describes as “the most tangible symbol of European integration.”

Christine Lagarde signed the euro bills in a brief ceremony Wednesday at the ECB’s Frankfurt headquarters, a few weeks after embarking on her eight-year term as the bank’s fourth president.

Every euro banknote bears the signature of the institution’s president. Most currently in circulation carry that of Mario Draghi, whose term ended last month.

Keep reading for FREE!
Enjoy more articles by signing up or logging in. No credit card required.

Lagarde said that 79% of transactions in the eurozone are conducted in cash. Those account for more than half the value of all transactions.

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

She said that 23 billion banknotes are in circulation - worth 1.26 trillion euros ($1.39 trillion), one-third of which is being used outside the 19-nation eurozone.

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

0
0
0
0
0

Subscribe to the JG-TC

Reporting like this is brought to you by a staff of experienced local journalists committed to telling the stories of your community.
Support from subscribers is vital to continue our mission.

Become a subscriber

Thank you for subscribing

Your contribution makes local journalism possible.

Load comments