The new ten pound polymer note entered circulation today [14 September] with charity shops being urged to prepare for their use on premises. The new note is smaller than the current one – at 132mm x 69mm in size – but larger than the new fiver.
In a first, author Jane Austen will feature on the upcoming polymer note, the only women to feature on a bank note in circulation. It contains several security features designed to stop counterfeiting.
Bank of England governor, Mark Carney, said: “Jane Austen certainly merits a place in the select group of historical figures to appear on our banknotes,” the Bank of England governor said. “Her novels have an enduring and universal appeal and she is recognised as one of the greatest writers in English literature.”
The three Scottish issuing banks are also printing their next ten pound notes on polymer and will be released between September and October next year. The paper ten pound notes featuring Charles Darwin will be gradually withdrawn from circulation as they are banked by retailers and businesses.
Customers can continue to spend paper ten pound notes as usual until legal tender status is withdrawn in spring 2018. The exact withdrawal date will be announced at least three months in advance.
The new plastic £20 note – featuring the British painter JMW Turner – will be released in 2020. There are currently no plans to issue a plastic £50.
You can find out more about the new £10 note at www.thenewten.co.uk.