Plastic money is one alternative of cash that we love carrying- safe, easy to carry around. But now Bank of England has come up with the plastic form of currency as well. So the £5 note will now be printed on a polymer paper. As per the Bank, it’ll be secure, stronger and cleaner. The face of the currency will also be changed from Elizabeth Fry to Winston Churchill.
The Bank has reportedly spent a whooping £17M on the research, development and printing of these new notes.
The new note will be washing machine spin friendly, so you need not panic the next time you forget your money in trouser pockets. It’ll also be harder to counterfeit than the previous ones. So, the new note can be scrunched in your pocket, tossed in the machine spin and you’ll still not lose a penny!
Winston Churchill, who was one of the greatest Prime Ministers the United Kingdom ever witnessed will now be the face of the notes. Touted as the best statesman of his times, Churchill is known for his thoughts and ideologies that brought revolution. The next lot of £10 and £20 will also be brought in the polymer film soon. While the previous version with Fry will still be valid for usage until the circulation is withdrawn in May 2017.
The £5 note will commemorate into circulation from today in Britain.