Central Banking

New UK £20 'has raft of anti-fraud measures'

The Bank of England unveiled a new £20 banknote featuring the image of economist Adam Smith on Monday 30 October with a raft of improved anti-counterfeiting measures.

The new Bank of England note - the first to feature a Scot - will be issued in the spring and will gradually replace the current £20 adorned by composer Sir Edward Elgar.

Bank of England chief cashier Andrew Bailey, whose signature appears on the notes, said: "The introduction of new banknote designs are our opportunity to

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