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The Bank of England will initially issue 440 million of the new £5 notes — featuring wartime leader Winston Churchill and the quotation, "I have nothing to offer but blood, toil, tears and sweat" — and the old note will cease to be legal tender in May next year. He said it is estimated to last five years.The new note also has security features intended to make it harder to counterfeit.In the words of BoE governor Mark Carney, the fiver is capable of surviving "a splash of claret, a flick of cigar ash, the nip of a bulldog and even a spin in the washing machine".
In Europe too, Romania uses polymer banknotes..The notes are expected to last two and a half times longer than their paper counterparts and, according to Mr Carney, "can better withstand being repeatedly folded into wallets or scrunched up inside pockets". (Photo: AFP)Cash machines across the UK started dispensing the Bank of England’s first "plastic" banknote Tuesday morning, with the launch of the revamped five pound note. These include a see-through window featuring Queen Elizabeth II’s portrait as well as a picture of Big Ben in gold foil.The famous Houses of Parliament clock tower is showing the time as 3 pm, the approximate time on May 13, 1940, cosmetic jars packaging for sale when Churchill delivered a famous speech to Parliament during World War II.The new note is printed on a plastic film which is already used in Australia, Brazil and Canada.Bank of England governor Mark Carney tests the new £5 polymer note by dipping it in a tray of food as he buys lunch at Whitecross Street, London, on Tuesday
In Europe too, Romania uses polymer banknotes..The notes are expected to last two and a half times longer than their paper counterparts and, according to Mr Carney, "can better withstand being repeatedly folded into wallets or scrunched up inside pockets". (Photo: AFP)Cash machines across the UK started dispensing the Bank of England’s first "plastic" banknote Tuesday morning, with the launch of the revamped five pound note. These include a see-through window featuring Queen Elizabeth II’s portrait as well as a picture of Big Ben in gold foil.The famous Houses of Parliament clock tower is showing the time as 3 pm, the approximate time on May 13, 1940, cosmetic jars packaging for sale when Churchill delivered a famous speech to Parliament during World War II.The new note is printed on a plastic film which is already used in Australia, Brazil and Canada.Bank of England governor Mark Carney tests the new £5 polymer note by dipping it in a tray of food as he buys lunch at Whitecross Street, London, on Tuesday