The Royal Bank of Scotland (RBS) has chosen to use De La Rue’s Safeguard® polymer substrate for its new £5 and £10 banknote designs.
RBS, which is the second largest issuer of banknotes in Scotland by volume, announced that the new designs for each note will be revealed within the coming months and intends to issue the £5 in the second half of 2016 followed by the £10 note in 2017.
The Bank advised that the completely new design of the notes, which will be 15% smaller than the current circulating notes, will be “cleaner, more secure and more durable” due to being printed on the Safeguard® polymer substrate instead of traditional cotton.
“It is very important that people have confidence in our banknotes. The move to polymer notes will bring significant benefits to all those who use them. They will be smaller, cleaner and more secure. I look forward to unveiling the new designs later in the year, following close collaboration with the Scottish public.” David Wheldon, Chief Marketing Officer at the Royal Bank of Scotland.
Also read De La Rue’s statement here.