New Polymer £50 Note for UK
The Bank of England has announced this week that a new design, polymer material £50 note is to be launched, ending months of speculation that the existing paper version might be ‘retired’ rather than replaced.
The UK has already successfully circulated new polymer £5 and £10 note denominations in the past 2 years and the new £20 note is scheduled for release in 2020. Whilst no official date has yet been confirmed for the £50 polymer note launch, the current paper £50 notes in circulation exceed 330 million, with a total value of £16.5 billion.
The Bank of England spokesperson commented “Polymer notes are cleaner, safer and stronger. They are harder to counterfeit and increase the quality of notes in circulation. And, because they last around 2.5 times longer than paper notes, they are also more environmentally friendly.”
Eurocoin will keep all our clients fully up-to-date on upgrades to note validators, dispensers and recyclers for the new notes, as soon as they become available. For more details, please contact our Customer Service team at email@example.com at any time.