New Polymer Note Design Revealed

26-04-2016

A new £20 bank note design has been unveiled following a public nomination to decide on an historic figure to feature on the first £20 note to be produced in polymer.

After receiving almost 30,000 nominations, The Bank of England governor, Mark Carney decided on his final choice. And the winner was… JMW Turner.

Other nominations in the shortlist were film maker Charlie Chaplin, designer Josiah Wedgewood, painter William Hogarth and sculptor Barbara Hepworth in which Turner came out victorious. Known as “the painter of light” Joseph Mallord William Turner will feature on the new note alongside his painting, The Fighting Termeraire. The note will also include the quote “light is therefore colour” which he stated in a lecture in 1818 at the Royal Academy.

The new design will appear on the first £20 note to be made out of polymer, a more durable, plastic style material. The note is due to begin circulation in 2020 following the introduction of the polymer £5 in September this year and the polymer £10 note in 2017. The £50 note is not yet scheduled to be moved to the new material.

It is hoped that by creating the banknotes in a polymer material they will last longer and, more importantly, they will less easy to forge.

Here at Associated Security, we are helping businesses to become polymer ready with their cash management processes. To find out about the polymer ready cash management solutions we can provide for your business, get in touch by calling 0161 832 2777 or browse the cash management section of our website.

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