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Plastic £5 note 'first in Britain' Plastic £5 note 'first in Britain'
(35 minutes later)
The first plastic banknotes in Britain will be in use next year when two million £5 notes are issued by Clydesdale Bank branches.The first plastic banknotes in Britain will be in use next year when two million £5 notes are issued by Clydesdale Bank branches.
The limited edition of polymer banknotes will be issued the year before the Bank of England puts plastic banknotes in general circulation. The bank is authorised to issue Scottish banknotes, and will release the limited edition notes the year before the Bank of England puts plastic banknotes in general circulation.
The new note will feature the Forth Bridge, to commemorate its inclusion on the UNESCO World Heritage List. The new polymer note features the Forth Bridge on its 125th anniversary.
Banks say polymer notes stay cleaner and are more secure than current ones.Banks say polymer notes stay cleaner and are more secure than current ones.
More than 20 countries around the world have adopted polymer banknotes.More than 20 countries around the world have adopted polymer banknotes.
In 1999, Northern Bank of Northern Ireland issued a polymer £5 commemorative note celebrating the year 2000.In 1999, Northern Bank of Northern Ireland issued a polymer £5 commemorative note celebrating the year 2000.
A plastic note was introduced in the Isle of Man in 1983 but was withdrawn in 1988 owing to problems with the ink.A plastic note was introduced in the Isle of Man in 1983 but was withdrawn in 1988 owing to problems with the ink.
Adopters of the notes include Canada, whose last central bank governor - Mark Carney - is now the governor of the Bank of England.Adopters of the notes include Canada, whose last central bank governor - Mark Carney - is now the governor of the Bank of England.
'Ground-breaking''Ground-breaking'
Production of the new Forth Bridge banknote is scheduled to coincide with the 125th anniversary of the structure's opening in March 2015.Production of the new Forth Bridge banknote is scheduled to coincide with the 125th anniversary of the structure's opening in March 2015.
It also features a portrait of Sir William Arrol, whose company constructed the bridge among many other landmarks in Scotland. It also celebrates the bridge's inclusion in the UNESCO World Heritage List in 2014.
The note is smaller than the existing currency, which is made from cotton paper. The note also features a portrait of Sir William Arrol, whose company constructed the bridge among many other landmarks in Scotland.
It is smaller than the existing currency, which is made from cotton paper, but will still fit in ATMs, the bank has said.
Plastic banknotes are said to last for 2.5 times longer than paper banknotes. They will survive a spin in the washing machine, but will still melt under extreme heat such as an iron.Plastic banknotes are said to last for 2.5 times longer than paper banknotes. They will survive a spin in the washing machine, but will still melt under extreme heat such as an iron.
The note will also feature various new security features.The note will also feature various new security features.
Three banks in Scotland, including Clydesdale Bank, and four in Northern Ireland are authorised to issue banknotes.Three banks in Scotland, including Clydesdale Bank, and four in Northern Ireland are authorised to issue banknotes.