New £20 banknote issued

first_img  18 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis A new £20 note will be issued tomorrow by the Bank of England. The image of Sir Edward Elgar on the reverse will be replaced with that of Adam Smith, “one of the fathers of modern economics”. So, don’t be surprised if your collecting tins or shop tills contain a few of these from tomorrow onwards.The new note is the same size and predominately the same colour as the old-style £20 note but it contains enhanced security features.Both versions of the note will circulate in tandem while the old-style Elgar note is progressively withdrawn from circulation. As is usual practice, the Bank of England will then announce the date on which it will cease to be legal tender. As with all Bank of England notes, however, they can always be exchanged for their face value at the Bank in London.At the end of December 2005 there were around 1.2 billion (1,234,900,000) £20 banknotes in circulation, representing 55% of total notes by volume, 63% by value. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. New £20 banknote issued Tagged with: Finance AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 12 March 2007 | Newslast_img

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