At a glance 1 min

Polymer bank notes for the bank of England

Polymer bank notes for the bank of England
Polymer bank notes for the bank of England

Cleaner, safer, stronger. These are the three key features that helped the Bank of England take the decision to issue its first polymer bank notes starting in September 2016.
The first will be five Pound notes bearing the portrait of former Prime Minister Winston Churchill. A 10 Pound bank note bearing the portrait of writer Jane Austen will be put into circulation in Summer 2017, and will be followed by a 20 Pound bank note bearing the portrait of J.M.W Turner in 2020. The other side of the notes will bear the portrait of Queen Elizabeth II.

According to Mark Carney, Governor of the Bank of England, "polymer is a major innovation: it is cleaner, safer and stronger". Reputed to be more hygienic, they can be recycled when they have become too damaged or worn. In addition, the bank notes are harder to fake, and their life expectancy is at least 2.5 times higher than that of paper notes, “they are therefore cheaper than paper bank notes”. 
The bi-axially oriented Polypropylene films (BOPP) used in the bank notes are manufactured by the Innovia company based in the County of Cumbria in England. 
The Bank of England joins the list of the 23 countries in the world already using this technology.

More information
www.innoviasecurity.com//

If you enjoyed this article, you'll love the next!
  • Paying with plastic
    At a glance 1 min
    Paying with plastic

    The Bank of Canada has unveiled its new polymer banknotes. By 2013, the new notes will replace the old paper dollars, starting with $100 and $50 notes, followed by $20, $10 and $5 bills. The new ba...

  • Guardian bracelet
    At a glance 1 min
    Guardian bracelet

    A Taiwanese company has developed a bracelet that can track a child who has gone missing. Children have the knack of disappearing in the blink of an eye, even when with the most watchful parents. W...

  • A futuristic helmet, stuffed with technology
    At a glance 1 min
    A futuristic helmet, stuffed with technology

    A young Californian start-up is gearing up for the launch of the Skully, the smart and connected full-face helmet of tomorrow. The young company's project prioritises safety, in an area where it is a...