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Short news and ideas

Plastic banknotes to be introduced in the UK


01/10/2013

The Bank of England has revealed plans to introduce wipe-clean plastic banknotes by 2016, and will be testing public opinion over the next couple of months before a final decision is made at the end of the year. The bank has already carried out extensive studies on the possible impacts of a change, which would see the UK following the lead set by Australia (the first to introduce polymer notes back in 1988), New Zealand, Mexico, Singapore, Fiji, Canada, Romania and most recently Mauritius.
The £5 note is likely to be the first of the more secure notes, which not only stay cleaner, but also should be able to survive a visit to the laundrette!

 

 

Related jurisdictions:
UK LLP
UK LTD
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