BRITAIN, CITRAINDONESIA.COM- Britain has introduced the country’s first plastic banknotes. The Bank of England says they are harder to forge and stronger than the paper ones.
The new polymer 5-pound note began circulating on Tuesday. It’s made of thin and flexible plastic.
The note, worth about 6.6 dollars, has a portrait of former Prime Minister Winston Churchill on the reverse side. It’s about 15 percent smaller than its predecessor.
The central bank says the note has security features that make it harder to counterfeit. It says the strength of the material means the new notes are expected to last for about 5 years, or 2.5 times longer than the paper type.
The bank also says the plastic notes can survive a spin in the washing machine, adding that their longer life will reduce the future cost of production.
People who withdrew the new 5-pound notes from automatic teller machines in London said they look stronger. But some are worried that they could easily lose them because they are slippery.
The Bank of England plans to introduce a polymer 10-pound note in mid-2017 and a 20-pound note by 2020. (nhk)