When did the new 20 pound note come out
Bank of England ?20 note
This is who's on the new ?20 note and when you'll have to swap your current Close up of English sterling fifty pound notes (Image: Getty Images) The Banknote Character Advisory Committee did an outstanding job of.the
In fact it's Turner's self portrait that will be the figure in the right hand corner of the note on the reverse side to the Queen. The note will also feature a quote from Turner; "Light is therefore colour" in reference to the painter's innovative use of light, shade, colour and tone. The snazzy new note is set to be released into circulation in , but the exact date is still under wraps; so we don't know when we'll have to stop using the current twenty either. The Bank of England say this will make the notes more durable, cleaner and more difficult for forgers to recreate not that the existing twenty is exactly easy. The name will be announced this summer, and it's not hard to guess the person we'd want on the bill. Up until now the Bank of England have had a board of experts decide who goes on the front of the bill with the Queen.
The selection of Turner is the first time the Bank of England has used the new character selection process announced in December The process involved a two month nomination period between May and July when the public nominated characters from within the field of the visual arts. Mark Carney said: "I am delighted to announce that J. Turner is perhaps the single most influential British artist of all time. The reverse of the note will include:. Watch our videos on YouTube and see our photos on Instagram. Find old stories in our online Archives and search for jobs, motors and property, or place an advert or family notice here.
The shift to plastic is to help keep cash "fit for purpose", the Bank of England announced last year - and if the new fiver is anything to go by, it'll feature a string of security features to continue the crack down on counterfeit copies. Twenty pound notes were introduced by the Bank of England for the first time in
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It is the second highest denomination of banknote issued by the Bank of England. The current cotton note, first issued in , bears the image of Queen Elizabeth II on the obverse and the image of Scottish economist Adam Smith on the reverse. Starting in , the current note will be phased out, to be replaced by a polymer note featuring a portrait of artist J. Turner in place of Smith. Twenty pound notes were introduced by the Bank of England for the first time in The earliest notes were handwritten, and were issued to individuals as needed. These notes were written on one side only and bore the name of the payee, the date, and the signature of the issuing cashier.
Polymer ?20 note
The Bank of England says the new polymer notes keep cash "fit for purpose". They also have a range of security features to cut down on fraud. - This means that shops no longer have to accept the notes, and it is up to banks whether they agree to swap notes after this date.