At this week’s Future of Cash Conference, the Bank of England’s Chief Cashier Victoria Cleland gave a speech regarding the future of cash and the factors affecting banknote demand. Victoria Cleland gave the speech yesterday at the conference, being held in Vienna. Cleland recognises that there are many alternatives to cash that are increasingly being used by people. However,…
The Bank of England has today started to circulate the new ten pound banknote, a polymer note featuring the novelist Jane Austin. Image courtesy of the Bank of England. It is the second of the new series of polymer banknotes to be issued by the Bank of England, following the release of the £5 banknote on…
The Bank of England has today issued the New Fiver banknote using a polymer substrate, the first to be used by the Bank. The banknote is printed by De La Rue and uses Innovia Security’s Guardian® substrate, which, say Innovia, is resistant to dirt and moisture helping to improve the banknote’s longevity – at least 2.5…
The Bank of England has confirmed that the new £5 polymer banknote will be issued in September 2016. The new banknote will be the first of three new polymer banknotes to be issued by the Bank, consisting of the £5, £10 and £20 banknote denominations. On the 2nd June full details of the new five pound…
The Bank of England has announced that banknote demand for its notes is increasing. In an article released today, the Bank of England confirms that banknote demand is growing faster than nominal GDP. Banknotes with an estimated value of £62.6billion are thought to be in circulation, resulting in the equivalent of £1,000 in banknotes in…
Yesterday’s announcement from De La Rue (DLR), a large commercial banknote printer and passport manufacturer based in the United Kingdom, has confirmed that they have signed a new 10 year contract with the Bank of England. The contract is to print sterling GBP banknotes at the Bank’s note printing facility in Debden, Essex, UK, and will…
It has today been announced that the Bank of England (BoE) has selected De La Rue as the preferred bidder in the tender for its banknote printing contract starting in April 2015. The BoE advised that De La Rue had been awarded the contract “as a result of scoring highest in the Bank’s evaluation process for…
The Royal Mint has produced a prototype for a replacement £1 coin with the aim of reducing counterfeit coins in circulation. The coin will include the Royal Mint’s new security feature, iSIS (Integrated Secure Identification Systems), which “involves the application of an existing security technology that has been proven over decades in banknotes”. The Mint…
On Friday 14 March David Beeby, CEO of Innovia Group, confirmed that Innovia Security will be providing polymer substrates to the Bank of England (BoE) for the new £5 and £10 banknotes. A statement by Mr Beeby was posted on the Innovia Films website : “We are delighted that the contract with the Bank of…
The Bank of England has launched an interactive app for smartphones enabling users to identify security features used in banknotes. The app is for iOS and Android devices and can is available to download from the Apple App Store and Google Play free of charge. The Bank of England say the app is aimed at…