New 10 Pound Polymer Bill Will Enter Circulation On September 14 2017

On 18 July 2017 – the 200th anniversary of Jane Austen’s death – the new, plastic £10 note was formally unveiled.

Jane Austen died in Winchester in 1817 and is buried in the north aisle of the Cathedral. The new note “will recognise her universal appeal and enduring contribution to English literature”, Winchester Cathedral said in a statement concerning the launch.

Production of the new £10 polymer note began last August and the Bank Of England has already printed more than 275 million notes, but they’re will go into circulation on Thursday September 14th.

“There can be no better place to unveil the new £10 banknote, featuring Jane Austen, and there can be no better time than today, the 200th anniversary of her death,” Bank of England governor Mark Carney said at the launch.

 WHAT YOU NEED TO KNOW ABOUT THE NEW £10 NOTE

  • The new note will enter circulation on Thursday September 14.
  • Production of the new £10 polymer note began last August and the Bank has already printed more than 275 million notes, but they’re not quite ready to launch yet.
  • The new note will be smaller than the current one – but larger than the new fiver. The size ratios will be the same as the ones between the old paper fiver and paper tenner.
  • It will be made of Polymer, the same materials as the new five pound note.
  • The new plastic £5 note sent collectors into a spin as they searched for special editions of the polymer bill – and history could well repeat in the autumn when the Jane Austen £10 hits cash machines across the country.
  • Collectors scrambled to pick up rare editions at the time – with low serial numbers selling for hundreds.
  • The Bank of England is currently looking into ways to make its new notes tallow-free. Saying it will “work closely with banknote polymer suppliers to determine what alternatives might be available”.

Source:  http://www.mirror.co.uk/money/new-10-pound-note-release-9034532

#WeGotYourBack #WeGotItCovered #BreakingNews #TheMirrorNews #UK #Finance #10PoundNote #JaneAusten #MarkCarney #BankOfEngland #WinchesterCathedral #PolymereBill #September14

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