Central Banking

New £5 coin would make more sense

LETTER - A letter published in the London edition of the Financial Times on 28 May.

From Mr David Levaggi.

Sir, Recent introduction of the new £5 banknote prompts a question. At 80, one of your older readers, I clearly remember the days when a white £5 note was seldom seen by the "working class" and represented two weeks' wages for a working man, from which rent had to be paid as well as maintaining a wife and children. Today, with bottom-line inflation "only" 2.5 per cent, it is a paltry sum

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