Independent Retail Europe cooperates with ECB on a new €20 banknote

23 July 2015

Frankfurt - Independent Retail Europe signed on 23 July a Memorandum of Understanding (MoU) with the European Central Bank (ECB) and more than 45 other partners to raise awareness of a €20 banknote to be introduced in November.

Other signatories – in addition to Independent Retail Europe and the ECB – include the European Association of Craft, Small and Medium-Sized Enterprises (UEAPME), the European Banking Federation, the European Parking Association, the European Payment Institutions Federation, the European Security Transport Association, the European Vending Associations, banknote equipment manufacturers and other organisations. The full list of the partners who signed is given here.


The signatories of the MoU have agreed to do everything in their capacity to ensure that banknote handling machines, vending and ticketing machines and authentication devices will accept the new €20 banknote by 25 November 2015, the day the new notes enter into circulation.

Yves Mersch, member of the ECB’s Executive Board said: “The ECB, the national central banks and our industry partners all have their own role to play in preparing for the introduction of the new banknotes. The MoU that we signed together today underlines our shared commitment and responsibility to ensure that citizens across the euro area can use their new €20 banknotes smoothly everywhere as of 25 November.”

The Memorandum of Understanding (MoU) can be downloaded here.

The original press release by the European Central Bank can be downloaded here.

Contact for additional information:

European Central Bank
Egidijus Paleckis
Tel.: +49 69 1344 5312

Independent Retail Europe
Elisabeth von Reitzenstein
Tel. : + 32 2 739 60 91




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