MacDonald Joins Launch of New Clydesdale Bank Polymer Fiver
Monday, 23 March 2015 11:40
Falkirk East SNP MSP Angus MacDonald has joined officials from the Clydesdale Bank in the Scottish Parliament to help launch the first fully polymer banknote to enter circulation in Great Britain – a new limited edition commemorative £5 note.
The note is being launched to coincide with the 125th anniversary of the opening of the Forth Bridge. £10 million worth of notes, which combine images of the bridge with new security measures to create a unique design, will enter circulation.
It also features a portrait of prominent Scottish engineer Sir William Arrol, who was responsible for construction of the Forth Bridge and other famous Scottish landmarks including the giant Titan Crane in Clydebank.
It is smaller than the existing currency, which is made from cotton paper, but will still fit in cash machines, the bank has said.
Plastic banknotes are said to last 2.5 times longer than paper banknotes. They will survive a spin in a washing machine but will still melt under extreme heat such as an iron.
The note will also feature various new security features.
The limited edition notes will be available from branches of the Clydesdale. So far, more than 20 countries around the world have adopted polymer notes.
The Bank of England will begin issuing them next year.
.Speaking at the event in Parliament, Angus MacDonald MSP said:
“I was pleased to join Clydesdale bank officials for the launch. Polymer notes are the next step in the evolution of banknote design. The quality of polymer notes is higher, they are more secure from counterfeiting, and they can be produced at lower cost to the environment."
“It’s also good to know that in Scotland we are a year ahead of the introduction of polymer banknotes by the Bank of England!”