New £20 note in circulation

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Johnny
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GNiel wrote:
StuartPlymouth wrote:The new £20 banknote is actually quite nice, and it's good that they have reverted to the style currently used for the £50 note. The £5 and £10 notes will follow in due course in the same style.
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Err... have you ever seen the current £50. It is nothing like the new 20 (I have been withdrawing large ammounts from cash machines to see if I can get my hands one one but no luck yet).

This is the first note in Series F, there will be a Series F £10 late this year or early next year, and a new £50 should follow about the same amount of time after the £10.

Whether they do a fiver for series F will remain to be seen, I am guessing they might go down the coin route. If they do go for a note, it would be at least 2 maybe three years down the line, so depending on inflation, there could well be a coin.

If they do go for a £5 coin, there will almost certainly be a £100 note.
The current £50 has been in circulation since 1994 so is well overdue a change. The reasons the £20 note was changed first (again) is due to the amount forgeries they kept getting back every year, this what they got back (fake & genuine) in 2005, can't find the statistics for 2006, see link:

http://www.bankofengland.co.uk/banknote ... rfeits.htm

As for the £100, I'm suprised the BoE doesn't have one, England & Wales must be one of only a handful of countries not to have a banknote worth more than 50 in circulation. Seeing as the £50 was only introduced in 1980 they still may introduce one
Johnny

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Stuart*
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Johnny wrote:As for the £100, I'm suprised the BoE doesn't have one, England & Wales must be one of only a handful of countries not to have a banknote worth more than 50 in circulation. Seeing as the £50 was only introduced in 1980 they still may introduce one
I do seem to remember reading that the requirement for actual notes in circulation is reducing owing to the increasing level of electronic transactions. Personally I use cash very rarely. I would say that about 80% of my monthly expenditure is done either via debit/credit card or internet banking.

So there probably isn't a need for a large denomination note such as £100. I wouldn't like to wander round with one in my wallet for fear of losing it!
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GNiel
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Yes, the current fifty is the original series E banknote, the same style the £5, £10 and £20 were before the last change.

The current design is known as Series E Revised.

Now that the design has undergone a radical change, it is the Series F.

The £20 is the most forged note, contrary to popular belief (most think it is the 50)
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Lorns
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Well i demand a £1.99p coin a £ 4.99p note a £9.99 note a £19.99p note and a £99.99p note along side the usual fivers, tenners and twenties. It would save my purse getting overloaded with pennies.
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Johnny
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miss hellfire wrote:Well i demand a £1.99p coin a £ 4.99p note a £9.99 note a £19.99p note and a £99.99p note along side the usual fivers, tenners and twenties. It would save my purse getting overloaded with pennies.
An even better idea (which has happened in Australia & New Zealand, although it's more to do with the strenght of their currencies) is to rid of the 1p & 2p and have all prices end 0 or 5 (£2.55, £3.10, etc.)
Johnny

Harry Hill : "What is it about people that repair shoes that makes them so good at cutting keys? Try going in there with a shoe shaped like a key and see how confused they get."
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Mich
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GNiel wrote:Yes, the current fifty is the original series E banknote, the same style the £5, £10 and £20 were before the last change.

The current design is known as Series E Revised.

Now that the design has undergone a radical change, it is the Series F.

The £20 is the most forged note, contrary to popular belief (most think it is the 50)
You can see why, it is much easier to hand over five £20s in a transaction than two £50 notes - they are just so much rarer.

I don't really see the rationale of introducing a £100 note when £50s are so rare and as previously mentioned electronic transactions are really totally dominant. Equally it would be a shame to lose the £5 note in return for another coin when £2 coins are still massively underused.
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Nick Harvey
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tvmercia wrote:seems odd to decide to have a scottish person on the english £20, surely they haven't run out of english people!
No, not at all.

I offerered my services (see avatar at left) but was told I wouldn't be famous enough till the TV Forum Watch News and Information Board thread got beyond 100 pages.
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Johnny
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Nick Harvey wrote:
tvmercia wrote:seems odd to decide to have a scottish person on the english £20, surely they haven't run out of english people!
No, not at all.

I offerered my services (see avatar at left) but was told I wouldn't be famous enough till the TV Forum Watch News and Information Board thread got beyond 100 pages.
Well there's still the £5, £10 & £50 to go so you've still got a chance ;)
Johnny

Harry Hill : "What is it about people that repair shoes that makes them so good at cutting keys? Try going in there with a shoe shaped like a key and see how confused they get."
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Lorns
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and the way the tvf news and info thread is going you'll be famous enough by the end of the week.
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DAS
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Nick Harvey wrote:
tvmercia wrote:seems odd to decide to have a scottish person on the english £20, surely they haven't run out of english people!
No, not at all.

I offerered my services (see avatar at left) but was told I wouldn't be famous enough till the TV Forum Watch News and Information Board thread got beyond 100 pages.
I heard different - the beard was so difficult to forge even the Bank couldn't manage it.
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Johnny
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DAS wrote:
Nick Harvey wrote:
tvmercia wrote:seems odd to decide to have a scottish person on the english £20, surely they haven't run out of english people!
No, not at all.

I offerered my services (see avatar at left) but was told I wouldn't be famous enough till the TV Forum Watch News and Information Board thread got beyond 100 pages.
I heard different - the beard was so difficult to forge even the Bank couldn't manage it.
Obviously the new artist has got lazy then, look at Charles Darwin's bushy beard on the back of the £10 ;)
Johnny

Harry Hill : "What is it about people that repair shoes that makes them so good at cutting keys? Try going in there with a shoe shaped like a key and see how confused they get."
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