Clydesdale Bank launches first fully polymer banknote to enter circulation in Great Britain

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In March 24, 2015
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Source: TheNational.scot (Herald & Times Group); This is Money NEWS

23 March 2015: CLYDESDALE Bank launches the first fully polymer banknote to enter circulation in Great Britain this week with the new £5 note available from its branches from today.

The note, which is made of a more durable material than existing paper notes, is being launched to coincide with the 125th anniversary of the opening of the Forth Bridge. Two million notes – worth £10 million – will eventually enter circulation.

The notes feature an image of the bridge and another of the Scottish engineer Sir William Arrol, whose company was responsible for its construction.

They are slightly smaller than the existing paper notes, but the bank – which is one of three in Scotland authorised to issue bank notes – says they will still fit in cash machines.

The notes feature several security features to make them harder to forge.

The polymer notes will be introduced in Scotland ahead of England, where the Bank of England plans to issue them for the first time in 2016, when a new £5 note featuring Sir Winston Churchill will appear.

SSP5p

Photo: This is Money

Unveil SSP5p

The new banknote was unveiled in the shadow of the Forth Bridge last year

Photo: BBC