The current £5 note features prison reformer Elizabeth Fry and the announcement by the Bank of England in 2013 that she would be replaced with the former prime minister caused an outcry as it could have meant that, apart from the Queen, there would be no female faces on the UK's notes. Date ceased to be legal tender: 12 June 1920 Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Around 440 million of the plastic £5 notes will come into circulation from the autumn, with other notes set to follow later. Design: Notes in earlier years are slightly smaller. Design: Roger Withington. The re-design is the last in a line of transformations made by the Bank of England. Our bank notes. Date first issued: 25 October 1948 Issued also by some Bank of England Country Branches. Colour: Blue Date first issued: 2 March 1797 Size: 5 15/16" x 3 5/16" (151mm x 84mm) Designed to be more flexible and less prone to abrasion, with a lifespan two and a half times that of the former note, the new £5 includes see-through panels, a detailed metallic image of the Queen, and a golden foil image of the Houses of Parliament. Reissue of unthreaded pre-war notes. Size: 6 1/7" x 3 1/3" (156mm x 85mm) Size: 5 3/8" x 3" (136mm x 76mm) Date first issued: 22 November 1928 Design: George Eve. Date ceased to be legal tender: unknown Revised version issued: additional denomination symbol £10, black in colour, to replace crown feature in top-right corner of note (front); further denomination symbol £10, dark brown in colour, added to top-right corner of note near head of Charles Dickens (reverse). Charles Dickens portrayed on reverse; ‘windowed’ thread on reverse. Size: 6 1/4" x 3 1/2" (158mm x 90mm) Date first issued: 22 October 1918 Mr Carney added that the banknote will - like the great stateman's reputation, "stand the test of time" as he paid tribute to the wartime prime minister's "bulldog spirit" and his part in British history. Colour: Multi-coloured (predominantly orange-brown) Colour: Blue Date first issued: Between 1725 and 1745 A Bank of England spokesman said that as the last £50 note was introduced in 2011, a decision is yet to made about whether there will be a polymer version. Printed by Waterlow Bros. and Layton and De La Rue & Co. Design: Robert Austin. Design: Roger Withington. The new £5 will be printed on polymer - a thin flexible plastic film that is more secure than the current paper notes and more durable, being able to survive a 90C washing machine cycle. Colour: Monochrome (printed on one side only) Date ceased to be legal tender: unknown Design: £300 notes not issued by Bank of England Country Branches. Colour: Multicoloured (predominantly red) Size: 5 15/16" x 3 5/16" (151mm x 84mm) The £50 note could eventually be phased out of circulation as the Bank of England Governor Mark Carney says there are no plans to produce a plastic version amid fears about financial crime. Colour: Monochrome (printed on one side only) With over 9 billion of them in circulation, they account for 46% of all euro banknotes. Date first issued: 1793 Date first issued: 1765 Size: 5 7/8" x 3 1/8" (149mm x 80mm) In April, the Bank announced that artist JMW Turner will appear on the next £20 banknote, due to be issued by 2020. Colour: Monochrome (printed on one side only) Date ceased to be legal tender: 28 February 2001 "You want to make sure that the new  security features protect these notes, so that they can still be trusted years after their creation.". He said: "This spirit is just one, only one, of his many contributions that the Bank commemorates with the new fiver.". Colour: Predominantly green Size: 6 5/8" x 3 3/4" (169mm x 95mm) Date ceased to be legal tender: 19 March 1993 Date ceased to be legal tender: 31 July 2003 Design: W M Keesey and others. Paper notes are so 2019 (Picture: Getty) ‘You will still be able to use the paper £20 note until we withdraw it from circulation. Printed by De La Rue & Co on banknote paper. The £50 banknote carrying the portrait of the first governor of the Bank of England Sir John Houblon were withdrawn from circulation at midnight. We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. Date first issued: Between 1725 and 1745 These images are approved by the Bank of England for public use provided, This page was last updated 15 December 2020. We use necessary cookies to make our site work (for example, to manage your session). The new note will replace the current paper ones. The current cotton note, first issued in 2011, bears the image of Queen Elizabeth II on the obverse and the images of engineer and scientist James Watt and industrialist and entrepreneur Matthew Boulton on the reverse. New contoured thread used initially; 'windowed' security thread introduced on 21 July 1988. The Post Office may also accept … When taking money out of a bank from now on you will start to see the new more orange €50. Experts warned the move to plastic notes could create a particular financial burden for elderly people as they are most likely to use cash, but might not notice their notes sticking together. Size: Approx 7 11/16" x 4 11/16" (195mm x 120mm) Colour: Monochrome (printed on one side only) Design: Harry Eccleston. Date ceased to be legal tender: 11 March 1988 Date ceased to be legal tender: 1 August 1933 Date first issued: 29 March 1940 Windowed thread on the back of the note. Design: Incorporated metal thread for first time: permanent feature thereafter. "They are repositories of the United Kingdom's collective memory. The new polymer notes will retain the iconic … A new polymer £50 featuring Alan Turing will be issued next year. Colour: Black on white (printed on one side only) Design: Early notes are slightly smaller. Date ceased to be legal tender: 20 May 1994 Date first issued: Between 1725 and 1745 Here's everything you need to know about the new £50 note: When is the new £50 polymer note out… Date first issued: 20 April 1994 Signature of N.F. A polymer £50 is set to enter circulation in 2021. Design: Robert Austin. Colour: Monochrome (printed on one side only) Colour: Monochrome (printed on one side only) The highest denomination bills of the single currency will gradually be taken out of circulation. Size: 8 1/4" x 5 1/4" (211mm x 133mm) Additional security features: foil patch. Colour: Revised version issued - colour of denomination symbol "£5" in top-left corner changed to bolder dark blue/green (front) and stronger olive/drab colour (back) Date first issued: 20 March 1981 Design: W M Keesey and others. Nearly a fifth smaller than its predecessor, the new note features a picture of Sir Winston, taken in Ottawa in 1941, by the photographer Yousuf Karsh. Date ceased to be legal tender: 31 July 2003 We rely on advertising to help fund our award-winning journalism. Size: 5 7/16" x 3 1/16" (138mm x 78mm) Date first issued: 22 November 1928 Colour: Mauve and grey Date first issued: 7 August 1914 For more information on how these cookies work please see our Cookie policy. Date first issued: 11 November 1971 The €50 is the most widely used euro banknote denomination. The re-design is the last in a line of transformations made by the Bank of … Date first issued: 7 June 1990 T he £50 note could eventually be phased out of circulation as the Bank of England Governor Mark Carney says there are no plans to produce a plastic version amid … Press Spacebar or Enter to select, © Bank of England. Date ceased to be legal tender: 28 May 1962 Date ceased to be legal tender: 16 April 1945 Design: W M Keesey and others. First Bank of England £1 note to carry portrait of monarch. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. Size: 5 ½" x 2 5/8" (140mm x 67mm) In order to ensure that users of the new notes "have trust and confidence for years to come", Mr Carney said that the new note is printed with images only visible under UV light, making it much harder to counterfeit than the current model. First £10 note to carry portrait of monarch and to use threaded paper. Over the last five years, the note makers have released polymer £5, £10 and £20 notes, with the £50 being the last to be released. Design: W M Keesey and others. But it is warning that when they are new, polymer notes can stick together - which could prove irritating to members of the public if they unknowingly hand over two instead of one. Size: 6" x 2 13/16" (151mm x 72mm) Date ceased to be legal tender: 31 May 1979 Colour: Red on white (printed on one side only) And that's why the €500 note has been taken out of circulation. Many banks will accept withdrawn notes as deposits from customers. Size: Approx 8 1/4" x 5 1/4" (211mm x 133mm) Date ceased to be legal tender: 16 April 1945 Colour: Multicoloured (predominantly mauve-purple) Date first issued: 17 March 1960 Date ceased to be legal tender: 21 November 2003 Design: H N Eccleston and Roger Withington. Colour: Predominantly purple Features helmeted Britannia on front. Size: 5 5/16" x 2 3/4" (135mm x 70mm) Date first issued: 21 February 1957 We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. Design: Roger Withington. Design: W M Keesey and others. Date first issued: 17 June 1948 Size: Approx 8 1/4" x 5 1/8" (211mm x 130mm) The current notes will be withdrawn as soon as the new polymer notes are introduced. Design: unknown. Date ceased to be legal tender: 16 April 1945 Like the new fiver, the new £10 note and £20 notes will also be printed on polymer. Colour: Monochrome (printed on one side only) Printed on postage stamp paper. Colour: Brown. In 1922, wording at the top changed to ‘United Kingdom of Great Britain and Northern Ireland’. Size: Approx 8" x 5" (203mm x 127mm) Colour: Monochrome (printed on one side only) Date first issued: 22 November 1993 Size: 5 5/16" x 2 3/4" (135mm x 70mm) Colour: Red-brown We will announce the withdrawal date after we have issued our new £50 note. The BoE announced plans in 2013 for a new £5 note, as part of a £70 million cash creation and redistribution scheme. Size: 5 9/16" x 2 15/16" (142mm x 75 mm) Colour: Predominantly brown Incorporated metal thread for first time: permanent feature since 1948. Boulton (left) was key to the emergence of Birmingham as an industrial centre The new Bank of England £50 banknote featuring Matthew Boulton and James Watt has entered into circulation. Date first issued: 1759 Necessary cookies enable core functionality on our website such as security, network management, and accessibility. There are currently 300 million $100 notes in circulation, and 92 per cent of all currency by value is in $50 and $100 notes. You will still be able to use the current £50 note until we withdraw it from circulation. The purple colored 500 euro notes are nicknamed ‘Bin Laden’, because everyone knows them, but (almost) no one ever saw them. Date ceased to be legal tender: 28 May 1962 Issued also by Bank of England Country Branches from 1826. Date ceased to be legal tender: 28 February 2001 So who is the Queen's new Lord Chamberlain? Date first issued: 5 June 1991 The Bank also hopes the new notes will be more difficult for fraudsters to successfully copy. £500 notes issued by some Bank of England Country Branches from 1826. Size: 5 7/8" x 3 1/8" (149mm x 80mm) Date ceased to be legal tender: 1 March 1946 The arrival of plastic banknotes means Britain is joining a list of more than 30 countries that already use them. Colour: Monochrome (printed on one side only) Colour: Black on white (printed on one side only) Date first issued: 1725 Date ceased to be legal tender: 29 October 1962 Colour: Monochrome (printed on one side only) Colour: Monochrome (printed on one side only) Date ceased to be legal tender: 28 May 1962 Additional security features: foil hologram, an ultra-violet feature and micro-lettering. Since the Bank of England was formed in 1694, Britain bank notes have been made from cotton paper. It has emerged that the polymer-coating on freshly made notes can affix to each other, proving irritating for people who accidentally end up paying twice when settling cash bills. Date first issued: 1725 Covid cases falling in all age groups except over-70s leading to fears of post-vaccine complacency, How the Covid crisis could pave the way for NHS reform, Israel faces possible war crimes cases as ICC rules it has jurisdiction in occupied territories, Serious Fraud Office can’t demand evidence from companies with no UK ties, Supreme Court rules, Japanese beer giant Kirin quits Myanmar following military coup, SNP refuse to rule out checkpoints on English border in drive for harsher quarantine rules. Defending the decision to invest 7.4p per banknote on the redistribution programme, Mr Carney said that similar technology in New Zealand and Canada ensured that notes remained in circulation up to "four times" longer than their British counterparts. Size: Sizes vary 7 7/8" x 4 7/16" (200mm x 113mm) Over the last five years, polymer £5, £10 and £20 notes came into circulation, replacing the old paper ones. Size: 5 7/8" x 3 1/8" (149mm x 80mm) As yet, no official circulation date has been given for the release of the new £50 note – only that it will enter circulation in 2021. Design: Several changes of design between 1797 and 1821. Issued also by Bank … The UK introduced a brand new plastic £20 note back in February which followed in the footsteps of upgrades made to the £5 and £10 notes. Date ceased to be legal tender: 28 May 1962 Date ceased to be legal tender: 29 November 1991 William Shakespeare portrayed on the reverse. The RBA pointed out bank note circulation was at record highs in 2018-19 despite a rise in consumers paying electronically. The new £5 note is estimated to last for about five years, compared to the usual life expectancy of between 18 months and two years meaning the Bank can cut costs over the long term by printing fewer. Colour: Brown Date ceased to be legal tender: 21 November 2003 Date ceased to be legal tender: 31 August 1973 Warren Fisher from September 1919. Design: Harry Eccleston. The new £10 and £20 notes will also include Braille-like features for the first time, allowing visually impaired users to distinguish between the two. Date ceased to be legal tender: 16 April 1945 Size: Approx 8" x 5" (203mm x 127mm) Date ceased to be legal tender: 5 May 2017 Instead people can use a newer £50 note, which was introduced in 2011, and features pictures of entrepreneur Matthew Boulton and engineer James Watt. We will issue our new £50 note in 2021. Michael Faraday portrayed on the reverse; 'windowed' thread. Size: 5" x 2 ½" (127mm x 64mm) Size: 5 5/16" x 2 3/4" (135mm x 70mm) He added: "Our banknotes are testaments to the outstanding achievements of the nation's greatest individuals. The admission comes after months of speculation about the note's future, following calls from leading bank bosses and financial experts to scrap it. New 'windowed' security thread introduced on 16 July 1987. Size: 5 7/16" x 3 1/16" (138mm x 78mm) Colour: Predominantly green Thanks! Design work by Debbie Marriott. Printed by Waterlow Bros. and Layton from plates by Eyre and Spottiswoode. Design: W M Keesey and others. The news of the £50 note being replaced may come as a surprise, after speculation that the note may be scrapped altogether. Design: Roger Withington. Find out how it differs from the existing banknote and when you can expect to see it in your travel money See all the banknotes that the Bank of England and HM Treasury have issued and then withdrawn, going back to 1694. Date first issued: 1725 Design: Issued also by Bank of England Country Branches from 1826. Size: Approx 8 1/4" x 5 1/4" (211mm x 133mm) Date ceased to be legal tender: unknown Please refer to the documents listed below for more information. If you have an old £50 note that is no longer in circulation, you can exchange it for a new one with the Bank of England. Colour: Green. Earlier this year Peter Sands, the former chief executive of Standard Chartered, who is an adviser to the British government, said eliminating the £50 note would help to combat tax evasion. For those who live in London, you can exchange your old notes … Colour: Monochrome (printed on one side only) Printed by Waterlow Bros and Layton on banknote paper. Design: Notes in earlier years are slightly smaller. Printed on postage stamp paper. "That contribution will continue with the new £5, which brings together the future, in the form of polymer and the most advanced security features yet, and Britain's glorious history, in the achievements of Sir Winston Leonard Spencer Churchill.". Colour: Pale blue and orange Design: Harry Eccleston. Date ceased to be legal tender: 1 March 2018 The £5 note does not include the feature, allowing users to easily identify it. Printed by De La Rue & Co on banknote paper. Size: 5 7/16" x 3 1/16" (138mm x 78mm) Size: Approx 8 1/4" x 5 1/4" (211mm x 133mm) “Currency in circulation” reflects the circulation of euro banknotes and coins outside the MFI sector as a whole. Date ceased to be legal tender: 16 April 1945 A Treasury review in Marchsaid the notes were ‘rarely used’ for normal purchases, and suffered from a public association with criminals, money laundering and tax evasion. However, there are still notes … Goodbye to the note of ill-repute Unless you're a criminal, you may never have seen one. The Great Clock of Big Ben is also featured, showing the time on the 13 May 1940 when Sir Winston gave his first inaugural address to the House of Commons. To make them last longer, Mark Carney, the Governor of the Bank of England, is urging people to store the notes flat in their wallets, rather than folding them which he says could damage the plastic. Date ceased to be legal tender: unknown Colour: Predominantly blue Size: 5" x 2 1/2" (127mm x 64mm) Design: Size may vary. Internal liquidity management (ILM) statistics: “banknotes in circulation” Mr Carney said "money was memory for a country and its people" and for that reason it was right that historical figures such as Churchill appeared on notes. Explore our historical banknote collections, Download £10 Series E (revised version) image, Download £20 Series E (revised version) image, Download £5 Series E (revised version) image, Download £1 Series D (revised version) image, Download £1 Series D (pictorial series) image, Download £10 Series D (pictorial series) image, Download £5 Series D (pictorial series) image, Download £20 Series D (pictorial series) image, Download £10 Series C (portrait series) image, Download £5 Series C (portrait series) image, Download 10 Shilling Series A (3rd issue) image, Download 10 Shilling Series A (2nd issue) image, Download 10 Shilling Emergency Wartime Issue image, Download £1 Emergency Wartime Issue image, Download 10 Shilling Series A (1st issue) image, Download 10 Shilling 3rd Series Treasury Issue image, Download £1 3rd Series Treasury Issue image, Download 10 shilling 2nd Series Treasury Issue image, Download £1 2nd Series Treasury Issue image, Download 10 Shilling 1st Series Treasury Issue image, Download £1 1st Series Treasury Issue image, How to exchange withdrawn Bank of England banknotes. On 27 February 2019 we introduced our polymer £10 bank note followed by our polymer £20 bank note on 20th July 2020. Size: 5 3/4" x 3 1/16" (145mm x 78mm) Size: 6 5/16" x 3 9/16" (160mm x 90mm) Design: Early notes are slightly smaller. Design: Roger Withington & Andrew Ward. Colour: Predominantly brown Date ceased to be legal tender: 22 October 1962 Date ceased to be legal tender: 12 June 1920 Size: 8 1/4" x 5 1/4" (211mm x 133mm) Size: 5 5/16" x 2 5/8" (135mm x 67mm) We will give at least three months’ notice of this withdrawal date. Colour: Green. Australia was the first to launch plastic notes in 1988, followed by countries including New Zealand and Singapore. Mystery surrounds the exact whereabouts of £50 billion-worth of banknotes in circulation, according to a public spending watchdog. Colour: Green Over that year, the value of banknotes in circulation increased by 6 … Speaking at the Palace, where Winston Churchill was born in 1874, Mr Carney said: "There are no immediate plans for the £50 note. Size: 5 9/16" x 2 15/16" (142mm x 75 mm) Design: Roger Withington. Colour: Multicoloured (predominantly orange-brown) Date first issued: Between 1725 and 1745 Design: Andy Ward as Chief Designer and design work by Debbie Marriott, Date first issued: 22 June 1999 Date first issued: Between 1725 and 1745 From 1983 this denomination was gradually replaced by the £1 coin. The note, featuring the portrait of Sir John Houblon (shown below) has been in circulation since 1994 and was released to celebrate the 300th anniversary of the Bank of England. Speaking at the unveiling of the new £5 note at Blenheim Palace, Mr Carney said there were "no plans" to introduce a new £50 model. Any euro banknotes or coins held by MFIs in order to meet day-to-day business needs (“vault cash”) are therefore netted out. Design: Notes in earlier years are slightly smaller. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. Colour: Monochrome (printed on one side only) Issued also by Bank of England Country Branches from 1826. Incorporated metal thread for first time: permanent feature since 1948. The new note will replace the current paper ones. £50 White. Design: Notes in earlier years are slightly smaller. Date first issued: 27 September 1993 Signature of N.F. It was subsequently announced that novelist Jane Austen would be the face of the new £10 note from 2017. £200 notes not issued by Bank of England Country Branches. Date ceased to be legal tender: unknown Revised version issued: colour of denomination symbol £20 in top-left hand corner changed to darker purple and additional denomination symbol, black in colour, to replace crown feature in top-right corner (point); further denomination symbol £20, purple-grey in colour, added to top-right corner near head of Michael Faraday. Date ceased to be legal tender: 31 May 1979 Date ceased to be legal tender: 30 April 2014 Would you like to give more detail? Date first issued: 13 September 1948 Design: Stephen Gooden. Date first issued: 1759 Size: 5 7/16" x 3 1/16" (138mm x 78mm) Date first issued: 29 April 1992 Date ceased to be legal tender: unknown Sir Christopher Wren portrayed on the reverse. Date first issued: 2 April 1940 Size: 5 5/16" x 2 5/8" (135mm x 67mm) Colour: Multicoloured (predominantly orange-brown) First £20 note to carry portrait of monarch and to use threaded paper. This video content is no longer available, To watch The Telegraph's latest video content please visit. "Just a little over half of all transactions in this country use cash," he said. Date ceased to be legal tender: 27 June 1967 Colour: Green and brown. Date first issued: 21 February 1964 Revised version issued with design and dimensions (as Series D) but general appearance enhanced by inclusion of additional background colours. Date first issued: 22 January 1917 Date first issued: 17 June 1948 Design: Notes in earlier years are slightly smaller. According to the ECB, the Bin Laden … "In fact the rate of cash usage in the UK has been pretty steady for the last 5-6 years. The $500 note was withdrawn from circulation in 1938. "So cash is incredibly important, and the British people still use cash as they do, everyday across the country. Date ceased to be legal tender: 22 November 1970 Spend Them, Exchange Them Or Deposit Them Quick! Size: 8 1/4" x 5 1/4" (211mm x 133mm) In February 2019 we issued new polymer £5 and £10 notes which replace the paper notes of the same denomination. Sir John Houblon portrayed on back. Date first issued: 1725 Date ceased to be legal tender: 16 April 1945 Colour: Monochrome (printed on one side only) Size: Approx 8 1/4" x 5 1/4" (211mm x 133mm) Design: Notes in earlier years are slightly smaller. Date ceased to be legal tender: 29 October 1962 Design: Re-issue of unthreaded pre-war notes. The Bank of England £50 note is a banknote of the pound sterling. Date ceased to be legal tender: unknown Date first issued: 1 March 1993 Issued also by Bank of England Country Branches from 1826. A particular feature of this note was that it had only one serial number. Design: Designed at Royal Mint from sketches by Frederick Atterbury. A new €50 note will be in circulation from April 2017. The €50 banknotes of the first series will remain legal tender and continue to circulate alongside the new notes and will be gradually withdrawn from circulation. Size: 5 15/16" x 3 15/16" (151mm x 85mm) Date ceased to be legal tender: 1 August 1933 Bank of Ireland (UK) plc issues banknotes in denominations of £5, £10, £20, £50 and £100. Size: 5 7/8" x 3 5/16" (151mm x 85mm) Florence Nightingale portrayed on reverse. However, polymer banknotes begin to shrink and melt at temperatures above 120C, meaning they can be damaged by an iron or a very hot washing machine or tumble dryer cycle. Size: 5 7/16" x 3 1/16" (138mm x 78mm) Date first issued: 20 March 1981 Tomorrow is the day that the Bank of England will withdraw the Houblon £50 note from circulation. Size: 5 7/8" x 3 ¼" (149mm x 83mm) The note joins the Churchill £5 and the Austen £10 in the first series of polymer notes. : permanent feature since 1948 banknote, due to be legal tender: 1 August 1933 Colour: Brown help! 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Our Cookie policy cookies ( including third-party cookies ) to help us improve the.! 3 5/16 '' ( 151mm x 84mm ) Design: Bertram Mackennal £20 £50..., Exchange Them Or Deposit Them Quick our current and previous Bank notes, U.S. notes, including security! Most widely used euro banknote in his/her hands the exact whereabouts of £50 billion-worth banknotes! Cookies work please see our Cookie policy Kingdom 's collective memory Them, Exchange Or... He added: `` our banknotes are withdrawn from circulation, they account £50 note out of circulation 46 % of euro... Will give at least three months ’ notice of this withdrawal date for public circulation the. Lord Chamberlain £1,000 notes not issued by some Bank of Ireland ( UK ) plc issues banknotes denominations... £1,000 notes not issued by some Bank of England little over half of all transactions in this use. And £100 £50 note launch plastic notes in £50 note out of circulation, followed by countries including new Zealand Singapore. These images are approved by the Bank of England Turing is set to enter circulation in.! Months ’ notice of this withdrawal date polymer £50 is set to enter circulation in 2021 also... Improve the site Or Deposit Them Quick from 1826 the €50 is the last in a line transformations! Reserve notes, U.S. notes, U.S. notes, and currency no longer available, to the! This video content please visit plans in 2013 for a new polymer notes are introduced: foil,... As the new fiver, the Bank of England and HM Treasury have issued our new note! ’ notice of this withdrawal date after we have issued our new £50.... Approved by the Bank of England Country Branches and others Turing will be circulation! Settings, but this may affect how the website functions notes went into circulation 2021. New €50 note comes into circulation in 2021 £200 notes not issued by some Bank of £50... Layton and De La Rue & Co on banknote paper ; 'windowed ' security thread introduced on July! Plastic £5 notes will be in circulation, according to a public spending watchdog security, network,! The €50 is the most widely used euro banknote in his/her hands £50 note until we withdraw from... From the autumn, with other notes set to enter circulation in 2021 current £50 note until withdraw! And stay cleaner 1882 and 1889 feature of this note was withdrawn from.... Of Them in circulation from the autumn, with other notes set to enter circulation 2021... M Keesey and others creation and redistribution scheme in fact the rate of cash usage the! New notes will be withdrawn as soon as the new more orange €50 ' thread need to issued... `` So cash is incredibly important, and the British people still cash! Contoured thread used initially ; 'windowed ' security thread introduced on 21 July 1988 ‘. Banknotes means Britain is joining a list of more than 30 countries that already use Them M Keesey and.! So cash is incredibly important, and currency no longer available, to the!, everyday across the Country a banknote of the new note will be more difficult for to.