New Five Pound Note Hard to Destroy Plastic £5 or Fiver
The New Five Pound Note is now in Circulation. The Bank of England has released 440 million new £5 notes. They went into circulation on 13th September 2016. Old paper five pound notes notes are still going to be usable until May 2017. So the old £5 notes will not be legal tender in the UK from May 2017.
New 2016 £5 Notes have been manufactured using a thin flexible plastic. The polymer notes are better for the environment than the old paper notes. Also they are far stronger than paper. The stronger new notes will last 2.5 times longer than the old paper version. As a result less should require printing to replace worn notes. And also when they do need replacing they can be recycled.
The new five pound note has a number of new security features which make it even harder to counterfeit. Most noticeable addition is a transparent window and a Gold foil Big Ben (Elizabeth Tower) which is gold on the front of the note and silver on the back.
Like the old note the new five pound features Her Majesty the Queen on the Front. And also many security features demonstrated in the video below. The reverse of the note features Former British Prime Minister Sir Winston Churchill.
“Winston Churchill was one of the greatest statesmen of all time and is the only Prime Minister to win the Nobel Prize for literature. As he himself said, a “nation that forgets its past has no future”. Our banknotes are repositories of the United Kingdom’s collective memory and are testaments to the outstanding achievements of the nation’s greatest individuals.
Like Churchill, the new polymer note will also stand the test of time. It is cleaner, being more resistant to dirt and moisture. It is safer, with better security features. And it is stronger, making it longer lasting and more environmentally friendly.” – Mark Carney, Governor of The Bank of England
In addition new Ten and twenty pound note made from plastic will follow soon. In addition to the £5 the new plastic £10 note featuring Jane Austen will enter circulation in summer 2017. Finally the new plastic £20 note featuring JMW Turner will enter circulation by 2020.
Find out more: Bank of England