Bank of England considers move to polymer banknotes

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The Bank of England (BoE) intends to launch two series of polymer banknotes from 2016, but will only sanction the change if the general public offer their consent.

The UK's banknotes are currently printed on cotton paper, but the BoE favours a switch to polymer – a type of plastic used in banknote production in more than 20 countries including Australia, New Zealand, Singapore and Canada.

Charles Bean, a BoE deputy governor, outlined the benefits of using polymer banknotes in a speech this after

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