5 pound note

A few weeks ago we mentionned that the UK will be the next country to leave the old paper notes and start to manufacture the new polymer notes (a thin plastic sheet) (see pound sterling passing plastic)

Well, the first note to be manufactured in polymer will be £5 and it will see the light in 2016. The final aspect will be very similar to the present note: the image of the Queen of England on one side and the Winston Churchill on the other.

The Bank of England conducted a campaign of public consultation to decide if they should implement this change. Around 13,000 people participated in the campaign. A 87% were in favor of the change, a 6% against and a 7% neutral.

The polymer banknotes were used for the first time in Australia in 1998. This material allows the note to incorporate security measures that cannot be given in the paper cotton note and in addition its more durable and resistant. The unique feature of the polymer banknotes is the possibility to include a transparent window and more security measures that can not be applied to the traditional notes. More information about security: Bank of England

Also it is a sustainable option since they are more durable (approximately 2.5 times more durable than paper) and they do not need to be revamped so often.

Do you want to reserve your pounds with us? Visit our web page Eurochange