ECB unveils new 20-euro banknote

Frankfurt

THE European Central Bank unveiled on Tuesday the new 20-euro banknote, nine months before it starts circulating from November. The ECB is gradually phasing in new banknotes to replace those in circulation since the euro became a physical currency in January 2002. It started with new five-euro banknotes in May 2013 and then 10-euro notes in September 2014.

"The new 20-euro banknote will enter circulation on Nov 25, 2015, allowing an extended period of nine months for banknote equipment manufacturers, cash handlers and other affected parties to prepare for the new note," ECB president Mario Draghi told a news conference.