By Kerry Rodgers
On March 10 the Bank of England’s chief cashier, Victoria Cleland, announced that the bank’s new £5 note is on track for release later this year. The new design will be unveiled on June 2 with the note itself entering circulation in September. This is the note slated to feature Winston Churchill.
In her speech at the Retail Business Technology Expo in London, Cleland observed, “The new fiver will bring a step change in counterfeit resilience and quality. We have been working extensively with the cash industry to ensure a smooth transition to polymer. Now is the time for retailers and businesses to prepare. Alongside the launch, we will release new free of charge training materials to help businesses train their staff, and run an extensive public awareness campaign to enable everyone to prepare for the new fiver entering circulation in September. This is an exciting time for banknotes and we are grateful to the cash industry for helping us introduce polymer banknotes.”
The new polymer £10 note featuring Jane Austen will be released next year later with a new polymer £20 note introduced in 2020.