18/12/2013

BoE To Introduce Plastic Banknotes

The Bank of England have announced that they will introduce plastic bank notes in 2016.

Cotton paper bank notes, which have been in use for over 100 years, are to be replaced with polymer notes that the bank say stay cleaner and are more secure.

It is understood that Winston Churchill will feature on the new £5 note, which will be the first plastic note to be introduced.

The announcement follows a public consultation carried out by the bank at shopping centres around the UK.

Some 13,000 people responded to the bank, with 87% being in favour, 6% opposed and 7% neutral.

(MH/CD)

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