National & International

New £20 note enters circulation

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The new polymer £20 note is to go into circulation today, as the Bank of England beings the mammoth task of replacing the most popular banknote in the country, according to The Guardian.

At least 2 billion have been printed, and the Bank expects half of the country’s cash machines to have switched over to the new note within the next fortnight.

The new note features artist JMW Turner, and the governor of the Bank of England, Mark Carney, chose Tate Britain, which is home to the most important Turner collection, to launch the new note.

Unlike the launch of the polymer £5 and £10 notes, Britain’s central bank has not set a date for when the old paper-cotton notes will stop being legal tender, so they can continue to be used in circulation. The Bank of England has said it will give at least six months’ notice of any withdrawal date.

Image source: The Mirror

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