The Bank of England launched the plastic coated five pound note today.
The £5 comes with polymer note, it is thin, flexible plastic, and the Bank says is cleaner, stronger and more secure.
The new notes are said to be difficult to tear because they are plastic - and it's claimed they can survive being put through washing machines, among other things.
It is illegal to destroy money, according to the Currency and Bank Notes Act 1928, but it is illegal to deface a banknote by printing, stamping or writing on it.
It was also tested through tearing it, through out the testing, the note was able to withhold the pressure.
It did well, and did not disintegrate. No ink ran off the note and the water beaded on top.
However it was unable to resist the flame of fire when being tested with it.
The polymer five pound notes, which bear a portrait of Sir Winston Churchill, are 15 per cent smaller than the paper notes they are replacing.
The Bank of England will print 440 million notes, which can last around five years longer than paper note, set to be phased out
A smaller plastic £10 note featuring novelist Jane Austen will go into circulation next summer and a £20 polymer note, featuring the artist JMW Turner, is due by 2020.
More than 30 countries already use plastic banknotes.
Australia was the first to launch them in 1988, followed by countries including New Zealand and Singapore.
Scotland has had polymer fivers since March, when two million were released by the Clydesdale Bank.
The £5 comes with polymer note, it is thin, flexible plastic, and the Bank says is cleaner, stronger and more secure.
Being tested in water
The new notes are said to be difficult to tear because they are plastic - and it's claimed they can survive being put through washing machines, among other things.
It is illegal to destroy money, according to the Currency and Bank Notes Act 1928, but it is illegal to deface a banknote by printing, stamping or writing on it.
It was also tested through tearing it, through out the testing, the note was able to withhold the pressure.
It did well, and did not disintegrate. No ink ran off the note and the water beaded on top.
However it was unable to resist the flame of fire when being tested with it.
The polymer five pound notes, which bear a portrait of Sir Winston Churchill, are 15 per cent smaller than the paper notes they are replacing.
The Bank of England will print 440 million notes, which can last around five years longer than paper note, set to be phased out
A smaller plastic £10 note featuring novelist Jane Austen will go into circulation next summer and a £20 polymer note, featuring the artist JMW Turner, is due by 2020.
More than 30 countries already use plastic banknotes.
Australia was the first to launch them in 1988, followed by countries including New Zealand and Singapore.
Scotland has had polymer fivers since March, when two million were released by the Clydesdale Bank.
No comments:
Post a Comment