Property News · September 9, 2016

Britain’s largest cash revolution in decades, all yours for a fiver


The Bank of England is poised to release its plastic £5 note on Tuesday. How can you pick one up, and are the shops ready? Plus, there’s a new £1 coinAt midnight on Monday the first cash machines in England and Wales will be loaded with our new “polymer” plastic bank notes in the biggest cash revolution since decimalisation in 1971.The Bank of England has ordered the printing of 440m of the shiny (some say slippery) £5 notes. Armoured vehicles have collected much of the £2bn-plus worth of new money from the Bank’s cash centres in Debden, Essex, and Leeds, and ferried them to more than 30 high-security vaults across the country to begin distribution to the high street banks – and on Tuesday morning the public will have the first chance to handle and use them in person. Continue reading…

Source : theguardian.com
Read more…Britain’s largest cash revolution in decades, all yours for a fiver

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