This is the new £5 banknote, that features Winston Churchill’s portrait, the British Parliament and of course, the Big Ben.
The new bills are more resistant and most important, a lot more difficult to counterfeit.
The actual size is 15% smaller than the old one, which will vanish from the circulation in 2017.
Also, in 2017, the British government plans to release the £10 banknote, which will feature Jane Austen’s portrait and will be made from the same material as the £5 bill.
The Bank of England decided to print the new banknote on plastic, motivating they are far more resistant than the old ones made out cotton paper and they are also cleaner.
The first state that introduced plastic banknotes in 1988 was Australia.
Other important countries that introduced plastic bills are Canada, New Zealand, Singapore, Mexico, and Israel.
The polymer banknotes are created from the smoothest, most flexible and transparent pellicle. The pellicle is printed on both sides with a special ink. For more than 100 years, the British state exclusively used only banknotes made out of paper.
The Bank of England starts printing the first notes today.
They will print 440 million notes, which can last around five years longer than the paper note, which will be phased out.
‘The new fiver will commemorate the achievements of the only prime minister to win the Nobel Prize for literature and one of the greatest statesmen of all time – Sir Winston Churchill’ , said Bank of England’s governor Mark Carney.