Central Banking

BoE's governor blames banks for £5 note shortage

Mervyn King, governor of the Bank of England, criticised the short supply of "fivers" in his annual Mansion House speech on 20 June.

"I am proud of the new £20 notes, but I cannot say the same of our £5 notes," said the governor, noting that there had been "much, and in my view justified, criticism of their availability and condition."

Many notes "are noticeably soiled and scruffy. ...The problem is not at the production end - we have an ample supply of new £5 notes waiting to be used. We wan

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: