Christine Lagarde, new president of the European Central Bank, has added her signature to euro banknotes.
Lagarde – who signed the bills at the ECB’s headquarters in Frankfurt, Germany – says the euro banknotes are “the most tangible symbol of European integration.”
Every euro banknote bears the signature of the institution’s president.
Most euro bills currently in circulation, carry Mario Draghi’s signature. His presidential term ended last month.
According to AP, Lagarde said that 79% of transactions in the eurozone are conducted in cash. Those account for more than half the value of all transactions.
She also reportedly said that 23 billion banknotes are in circulation, worth 1.26 trillion euros, one-third of which is being used outside the 19-nation eurozone.