Central Banking

Bank of England promises diversity on new polymer banknotes

polymer-tenner-and-fiver

The Bank of England (BoE) today announced that its next new banknotes – a £5 note due to be released in 2016, and a £10 note the year after – would be made of a plastic polymer, like that used in Canada and elsewhere.

The BoE launched a public consultation in September, featuring a roadshow to introduce polymer notes to the general public. The bank today said the public had been "overwhelmingly supportive" of the shift to polymer, with 87% of almost 13,000 respondents in favour, 7% neutral and j

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