{"id":90949,"date":"2015-09-02T12:07:29","date_gmt":"2015-09-02T12:07:29","guid":{"rendered":"https:\/\/armbanks.am\/2015\/09\/02\/243456\/"},"modified":"2024-12-15T13:19:49","modified_gmt":"2024-12-15T13:19:49","slug":"britains-most-common-banknote-goes-plastic","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/09\/02\/90949\/","title":{"rendered":"Britain\u2019s most common banknote goes plastic"},"content":{"rendered":"<p><strong>YEREVAN, August 2. \/ARKA \/.<\/strong> Britain&#8217;s next \u00a320 note will be printed on plastic in a move designed to make the UK&#8217;s currency more secure and durable, Reuters reported.<\/p>\n<p>The new \u00a320 design will be the third banknote to be printed on polymer, the Bank of England announced on Wednesday, following a 10-week public consultation that showed 87pc of respondents were in favour of the change. The new note is expected to enter circulation by the end of the decade.<br \/>\nThe Bank announced in December 2013 that the next \u00a35 and \u00a310 banknotes would be printed on polymer.<\/p>\n<p>The new polymer \u00a35 note featuring former prime minister Sir Winston Churchill will be issued in autumn 2016. Victoria Cleland, the Bank&#8217;s chief cashier, said that De La Rue, which is in charge of the contract, will start printing the new notes this month.<\/p>\n<p>The \u00a310 polymer note featuring author Jane Austen is expected to enter circulation in 2017. The \u00a320 note is Britain&#8217;s most common tender, with around 1.9 billion in circulation at the end of February, compared with 737 million \u00a310 notes, according to Bank data. Ms Cleland said the switch to plastic would help to reduce fraud and ensure banknotes were more durable.<\/p>\n<p>&#8220;Experience from central banks that have issued polymer banknotes has been positive. Canada, for example, has seen a real reduction in counterfeit levels since launching its polymer series a few years ago. Polymer is also cleaner and more durable, leading to better quality notes in circulation,&#8221; she said in a speech in Bristol.<\/p>\n<p>The Bank is yet to decide whether it will print \u00a350 polymer notes. Earlier this year, Mark Carney, the Bank&#8217;s governor, asked the public this year to nominate the face of the next \u00a320 note. The historical figure, who should &#8220;celebrate Britain\u2019s achievements in the visual arts&#8221;, will be unveiled next spring. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Britain&#8217;s next \u00a320 note will be printed on plastic in a move designed to make the UK&#8217;s currency more secure and durable, Reuters reported<\/p>\n","protected":false},"author":1,"featured_media":169379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12766,13385,12322],"class_list":{"0":"post-90949","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-banknote","10":"tag-britain","11":"tag-plastic"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/90949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=90949"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/90949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/169379"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=90949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=90949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=90949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}