The Bank of England has announced that the new £50 banknote will be printed on polymer, joining the rest of the banknote series.
Other denominations of the latest banknote series issued by the Bank of England are already printed on Guardian® polymer substrate. This includes the £5 which began circulating in 2016, followed by the £10 in 2017 and the upcoming £20 which is due to begin circulating in 2020.
The £50 will be the last denomination from the latest series to be issued and will be circulated after the release of the polymer £20.
The Bank of England is to announce a character selection process for the new £50 in due course, seeking nominations from the public for potential characters to feature in the new banknote’s design.
Speaking of the new £50, the Bank of England’s Chief Cashier, Sarah John, said
“I’m very excited to be starting the process of introducing a new £50 note. At the Bank, we are committed to providing the public with high quality notes they can use with confidence. Moving the £50 note onto polymer is an important next step to ensure that we can continue to do that.”
Read the Bank of England press release.