Central Banking

Bank begins consultation on note circulation

money

The Bank of England said on Friday it had begun talks with the commercial cash industry on changes to better meet public demand for banknotes.

The Bank said the talks would cover how to distribute the Bank's four note denominations - £5 ($7.56), £10, £20 and £50 - to better cater for the public's requirements. The overall structure of its circulation scheme would, the Bank said, remain unchanged.

"The denominational mix cannot readily be incentivised through the current design of the note circul

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