Plastic notes are the next step in the evolution of banknote design, the Governor of the Bank of England said after announcing that the next £5 and £10 banknotes will be printed on polymer, rather than on the cotton paper used for notes currently in issue.
"Ensuring trust and confidence in money is at the heart of what central banks do. The quality of polymer notes is higher, they are more secure from counterfeiting, and they can be produced at lower cost to the taxpayer and the environment."
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