UK’s New £5 Note Released Today!September 13, 2016 9:33 am
For more than 100 years British bank notes have been made from cotton paper but a new plastic £5 note launches in England and Wales today!
Although some plastic notes have been used in Northern Ireland and Scotland, it is the first time they will be used in mass circulation in England. The polymer note is far more durable and the governor of the Bank of England, Mark Carney, said the new note would be stronger, cleaner and safer.
“The use of polymer means it can better withstand being repeatedly folded into wallets or scrunched up inside pockets, and can also survive a spin in the washing machine,” he said.
More than 30 countries, including Australia, New Zealand and Singapore, already use polymer notes. Evidence shows they last around 2.5 times longer than the paper notes they have replaced, lasting around 5 years.
Winston Churchill Features on the New Fiver!
A total of 440 million new fivers have been printed but it will probably take a week or two before you’re able to get your hands on one! The new note features Winston Churchill on the back, a see-through window featuring the Queen’s portrait and Big Ben in gold foil on the front.
Like the new £5 note; new £10 and £20 notes will also switch to polymer and are due to be issued by 2020.
Categorised in: News
This post was written by Kayleigh Driscoll