New plastic £20 note launches
The note is made from polymer, a thin, flexible plastic material – already used on £5 and £10 notes – which is expected to last around 2.5 times longer than paper.
New notes will start appearing in ATMs and tills throughout the country and The Bank of England expects half of all cashpoints across the UK to be dispensing them two weeks after issue.
The note features influential British artist Joseph Mallord William Turner and his self-portrait, painted c.1799, is displayed on the £20s as well as currently at Tate Britain alongside the banknote.
It is the most secure note yet and includes two see-through windows and a two colour foil which make it very difficult to counterfeit. When tilted, words change between ‘Twenty’ and ‘Pounds’. A portrait of the Queen is printed on the window with ‘£20 Bank of England’.
There are also three clusters of raised dots in the top left hand corner. This tactile feature helps blind and partially sighted people identify the value of the note.
The paper £20 note featuring economist Adam Smith which entered circulation in March 2007 will be slowly withdrawn. But the Bank of England confirms consumers will be given six months’ notice before it loses its legal tender status.
Speaking at Tate Britain, which houses the Turner bequest, Governor Mark Carney said: “Our banknotes celebrate the UK’s extraordinarily rich and diverse heritage and highlight the contributions of its greatest citizens. Turner’s art was transformative. I am delighted that the work of arguably the single most influential British artist of all time will now appear on another two billion works of art – the new £20 notes that people can start using today.”
A new polymer £50 featuring Alan Turing will be issued next year, replacing the paper version issued in November 2011 featuring entrepreneur Matthew Boulton and engineer James Watt.