en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900
LATEST NEWS

5 Minutes Offshore
Why LAVECO?
How to order a company from LAVECO Ltd
Sign up for a free consultation
Request a return call
Request a brochure
Downloadable brochures
Subscribe to our newsletter
Newsletters
Latest news
Currency exchange rates: USD/1 unit
2017.01.22
HUF 0.0034
GBP 1.2278
CHF 0.9911
RUB 0.0167
HKD 0.1289
JPY 0.0087
CNY 0.1454
CAD 0.7478
AUD 0.7532
BRL 0.3129
EUR 1.0632

LATEST NEWS

UK to introduce plastic banknotes


17/09/2013

It took three years to study the impacts of a change from cotton paper

Smaller, wipe-clean plastic banknotes could be introduced by the Bank of England from 2016, matching some currencies across the world. The switch could start with the new £5 note, featuring Sir Winston Churchill, with the £10 note to follow.

The new polymer notes stay cleaner, are more secure and should even survive a spell in the washing machine, the Bank of England says.

The Bank has organised a roadshow to gauge public opinion across the UK over the next two months before coming to a final decision in December.
Other countries paying with plastic:
•    Australia was the first to issue polymer notes, in 1988,
•    Countries including New Zealand, Mexico, Singapore, Fiji and Canada followed suit,
•    Mauritius started issuing the notes in August.

www.intax-info.com

Related jurisdictions:
UK LTD
UK LLP
Top