Property News · April 14, 2012

A working life: the head of notes


Deep beneath the Bank of England, Victoria Cleland literally does sterling work among the cages stashed with cashI am standing in a room filled with metal cages, row upon row, stacked three cages high. Each is filled with tightly wrapped, plastic-covered packets of pristine £50 and £20 notes. It seems like a good idea to ask Victoria Cleland, head of notes at the Bank of England, how much money is in each cage. “Well, there are 40 packets in each – you can do the maths,” she says. A label on one says it contains 5,000 £50 notes. By my mental arithmetic, that’s £250,000 per packet. Or £10m in each cage.To get into the vaults underneath the Bank of England, I have surrendered my purse (you are not allowed to carry money in, because you are certainly not allowed to carry any out) and my mobile, in case I take photos of the security measures. Continue reading…

Source : theguardian.com
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