Next £20 note to be printed on polymer
By The Bank of England….
On September 2, the Bank of England announced that the next £20 banknote will be printed on polymer–a more secure, durable and cleaner material.
In December 2013, the Bank announced that the next £5 and £10 banknotes would be printed on polymer following a 10-week public consultation that found 87% of respondent were in favour of the change. The polymer £5 note featuring Winston Churchill will be issued in autumn 2016, the £10 polymer note featuring Jane Austen entering circulation a year later.
The Bank made the decision to move to polymer for the £20 note following extensive research into the developments in security features for notes printed on cotton-based paper and polymer since the 2013 decision was made. A competitive tender process for the supply of the polymer for the £20 note is expected to start in late 2015.
The note, which will feature a visual artist nominated during the public nominations period held earlier this year, will enter circulation in 3-5 years’ time.
Royal Bank of Scotland Announces New £5 and £10 Banknotes to Use De La Rue’s Safeguard® Polymer Substrate
By De La Rue, plc….
De La Rue is delighted at the recent announcement from the Royal Bank of Scotland that the new design £5 and £10 banknotes will be issued on its Safeguard® polymer substrate.
As announced by the Royal Bank, the new notes will be smaller than the existing ones and be completely re-designed with new themes and portrait subjects. The designs will be partly revealed in the coming months and, in line with other UK issuing authorities, it is planned that the new £5 will be issued in the second half of 2016 with the £10 to follow in 2017.
Commenting on the announcement, David Wheldon, Chief Marketing Officer at the Royal Bank of Scotland, said:
“The move to polymer notes will bring significant benefits to all those who use them. They will be smaller, cleaner and more secure. We are grateful for De La Rue’s assistance with this important project.”
Safeguard® is a registered trademark of De La Rue plc.
About De La Rue plc:
De La Rue is a leading commercial banknote printer, security paper maker and provider of security products and software solutions and, as a trusted partner of governments, central banks and commercial organizations around the world, is at the forefront of the battle against the counterfeiter.
As the world’s largest commercial banknote printer, De La Rue provides customers with a fully integrated range of sophisticated products and services which are available either individually or as a whole. This includes a leading design capability, production of innovative security components, manufacture of security paper and polymer substrates and sophisticated printing of banknotes, all contributing to trust in the integrity of currencies.
De La Rue is the world’s largest commercial passport manufacturer in an environment of increasing global concern over security at national boundaries and border control. De La Rue also produces a wide range of other security products, including tax stamps for governments who are seeking to combat illicit trade and collect excise duties. Other products include authentication labels, assuring purchasers of product validity, and government identity documents. In addition the Group manufactures high speed cash sorting and banknote inspection equipment.