The Bank of England is preparing to launch its new polymer £20 note on Thursday, featuring a portrait of artist JMW Turner.
The plastic £20 will contain a string of sophisticated security features – making it the most secure Bank of England banknote yet.
For the first time, the note will incorporate two windows and a two-colour foil, making it difficult to counterfeit.
According to the Bank of England, polymer notes last longer than paper notes and stay in better condition during day-to-day use.
This note, like the polymer £10, will contain a tactile feature to help vision impaired people identify the denomination.
The polymer £20 will join the Churchill £5 and the Austen £10. A new £50 note, featuring Alan Turing, will follow in 2021.
On Thursday, February 20, the new £20 will start to filter into our pockets as it enters circulation across the UK.
The Bank of England said it's spent the past 14 months printing these – with more than 2billion now ready to be issued.
On Thursday, the first batch will start to appear in cash machines, post offices at at banks across England and Wales – where consumers will be able to get their hands on them.
However, despite the new release, old notes will continue to be legal tender until the Bank of England says otherwise.
Paper £20 notes can continue to be used as normal and the Bank will give 6 months' notice ahead of their legal tender status being withdrawn, the Bank said.
Commenting on the new note, Mark Carney, Bank of England Governor added: "Our banknotes celebrate the UK’s heritage, salute its culture, and testify to the achievements of its most notable individuals.
"Turner’s contribution to art extends well beyond his favourite stretch of shoreline. Turner’s painting was transformative, his influence spanned lifetimes, and his legacy endures today. The new £20 note celebrates Turner, his art and his legacy in all their radiant, colourful, evocative glory."
The new £20 note will be the first to feature the signature of Sarah John, the Bank’s Chief Cashier.
“The new £20 is an important part of our commitment to providing banknotes that people can use with confidence" John said.
"Our polymer notes are much harder to counterfeit and, with the £20 being our most common note, this marks a big step forward in our fight against counterfeiting."
Source: Read Full Article