The Bank of England has unveiled its first plastic banknote today, a five pound note, featuring the face of Sir Winston Churchill. Report by Jennifer Cordingley.
meanwhile a former british colony country after just 50 years had these kind of money waaay long before even my birth. Yay good job britain, you finally caught up.
Britain follows countries such as Singapore, Indonesia, Papua New Guinea, Thailand, Sri Lanka Malaysia, Brazil, to name just a few. Could have had these for decades and experienced the cost saving, counterfeit difficulties, security features and banknote longevity for decades.
Oh, yeah. Invented in the 1980s, fully replaced the notes of the Australian Dollar back in the 1990s. We've been saving money on reprinting our banknotes due to their longer lifespan (about 2.5x the paper ones) for over 20 years now.
Its odd imho that the 5 pound has received such a make over , In all my years of dealing with funny money is that its almost always the 10 & 20 pound note that is forged, I dont think I have ever seen a fake fiver, something I always was after as no one checks them (well hardly)
I wouldn't count on it. Metal coins are more durable and more useful, as you can design vending machines to make use of magnetic properties to identify which coin they've been fed.
Known someone who spilt a boiling cup of coffee on a 20 pound note by accident. Didn't see it disintergrate but it did stain slightly. Shop still accepted it afterwards.
Why's it taken/taking so long? This has been on the cards for years and all four notes won't be finished until 2020?! I think it's high time we saw more use of £50 notes. Cash dispensers could hold far more cash if they had £50 notes in them. If withdrawing £200, or indeed more, surly two or three fifties in that would be OK.
£50 notes seem about as rare in Britain as $100 notes are here in Australia. I visited in April of 2016 and I don't remember ending up with anything larger than a £20 note out of an ATM.
I bet the £20 never goes polymer. "High value" notes like £20s will be cancelled. Next stop "cashless economy". You will be forced into being a creditor of the bank. No taking your money out of the bank ever again.
Winston Churchill wasted thousand of lives in two wars to satisfy his own ego. Alan Turin SAVED countless thousands of lives because he was genius ( a little disturbed, but so are we all) WHY 1SN'T ALAN TURIN ON THE £5 NOTE.
Nicer than the previous one!
meanwhile a former british colony country after just 50 years had these kind of money waaay long before even my birth. Yay good job britain, you finally caught up.
not the first plastic £5 note in the UK as northern Ireland hand the first plastic note!!
it must feel so good holding all that money
Britain follows countries such as Singapore, Indonesia, Papua New Guinea, Thailand, Sri Lanka Malaysia, Brazil, to name just a few. Could have had these for decades and experienced the cost saving, counterfeit difficulties, security features and banknote longevity for decades.
Oh, yeah. Invented in the 1980s, fully replaced the notes of the Australian Dollar back in the 1990s. We've been saving money on reprinting our banknotes due to their longer lifespan (about 2.5x the paper ones) for over 20 years now.
I just got rid of a Ac note are they worth money
Its odd imho that the 5 pound has received such a make over , In all my years of dealing with funny money is that its almost always the 10 & 20 pound note that is forged, I dont think I have ever seen a fake fiver, something I always was after as no one checks them (well hardly)
They are being released in the future obviously
Sopana Vathanamohan well then perhaps I should of added "why the fiver first" , so people like yourself do not need to be so facetious.
Its Like Monopoly Money
Have you seen at 'What Will Happen If You Burn Money with "NEW £5 notes"'?
Billy McAuliffe W0rdz!
Billy McAuliffe Don't worry bro, it's good. I use SLANGISH my write. xD
"...printed on a thin plastic film called polymer." LOL!
Yeah, not a very cluey reporter. It's actually polypropylene. The same stuff you put out for recycling with a number 5 on it.
How do you get one ???
eBay
Shahzeb Khan Go to a shop and buy a 35p LSV can out of a tenner.
mean while australia is getting its new five dollar banknote
I wonder if licensing the technology to Britain made the government decide it was time to update the designs on the notes here?
oh wow, we had plastic money, well over 20+ years (Australia)
it is real?or concept
As long as they roll up I don't really care
what next plastic 1 pound coins #BRINGPAPERBACK2016
I wouldn't count on it. Metal coins are more durable and more useful, as you can design vending machines to make use of magnetic properties to identify which coin they've been fed.
Meanwhile Australian's are tired of plastic notes
No we're not. I was glad to handle them again after dealing with the funny paper notes in Europe. Paper notes feel flimsy. Plastic ones feel REAL!
I like the new outro
Paper doesn't melt, Lets see how well these notes do when boiling hot water is poured over them.
If you poured boiling hot water on the paper ones it would disintegrate pretty much
there's always one misery
Nope, but people do spill boiling hot tea or coffee by accident onto themselves and washing machines tend to get pretty hot along with tumble dryers.
Known someone who spilt a boiling cup of coffee on a 20 pound note by accident. Didn't see it disintergrate but it did stain slightly. Shop still accepted it afterwards.
Needs over 160 degrees C to melt.
I thought Britain upgraded already?
Scotland did
Vietnam did.
Why's it taken/taking so long? This has been on the cards for years and all four notes won't be finished until 2020?!
I think it's high time we saw more use of £50 notes. Cash dispensers could hold far more cash if they had £50 notes in them. If withdrawing £200, or indeed more, surly two or three fifties in that would be OK.
£50 notes seem about as rare in Britain as $100 notes are here in Australia. I visited in April of 2016 and I don't remember ending up with anything larger than a £20 note out of an ATM.
If you have higher denomination banknotes the econamy will drop
@@worldbanknotescollecter1132 How the hell do you work that one out?
@@nigelkthomas9501becouse more money makes the value of every thing go high this is called inflation
@@nigelkthomas9501 did you know every year 100 pounds is worth 2 pounds less thats why fredies are more then they used to be
try folding these dam things when you fold them to put in your pocket thay wont fold
No difference to paper banknotes, both not backed by gold or silver
Rest of the world has been using them for a very long time. Nothing new in ere
have they?
only Australia and Canada to my knowledge
I bet the £20 never goes polymer. "High value" notes like £20s will be cancelled. Next stop "cashless economy". You will be forced into being a creditor of the bank. No taking your money out of the bank ever again.
Hangon, so the Governor of the Bank of ENGLAND isn't even British.
Makes sense, Canada has had notes like this for years.
hes clever than us.
wtf, are you stupid? just because someone is the governor of something british doesn't mean that they are actually british
I'm not stupid, if a British person wanted to be the director of the Federal Reserve, they would be denied. Instantly.
mackenzie clarke federal reserve is american, you moron.
bull crap my note ripped
second...
first
They have ruined our money :(
This report is rubbish, I have a plastic fiver in my wallet, yet again England is the UK, Doh!
scotish note by any chance?
kelt thomas
Yes......
Winston Churchill wasted thousand of lives in two wars to satisfy his own ego. Alan Turin SAVED countless thousands of lives because he was genius ( a little disturbed, but so are we all) WHY 1SN'T ALAN TURIN ON THE £5 NOTE.
he's on the 50..