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Plastic £5 note 'first in Britain' | Plastic £5 note 'first in Britain' |
(about 3 hours 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 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 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 polymer note features the Forth Bridge on its 125th anniversary. | 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A plastic note was introduced in the Isle of Man in 1983 but was withdrawn in 1988 owing to problems with the ink. | A plastic note was introduced in the Isle of Man in 1983 but was withdrawn in 1988 owing to problems with the ink.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 celebrates the bridge's nomination for the UNESCO World Heritage List in 2014. | |
The note also features a portrait of Sir William Arrol, whose company constructed the bridge among many other landmarks in Scotland. | 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. | 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. |