New £5 notes to be made of plastic

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Examples of polymer banknotes are seen before a news conference at the Bank of England, in the City of London which was held to announce the outcome of the polymer banknote consultation. PRESS ASSOCIATION Photo. Picture date: Wednesday December 18, 2013. See PA story MONEY Notes. Photo credit should read: Dylan Martinez/PA Wire
Examples of polymer banknotes are seen before a news conference at the Bank of England, in the City of London which was held to announce the outcome of the polymer banknote consultation. PRESS ASSOCIATION Photo. Picture date: Wednesday December 18, 2013. See PA story MONEY Notes. Photo credit should read: Dylan Martinez/PA Wire

%VIRTUAL-SkimlinksPromo%Plastic bank notes are to be issued by the Bank of England for the first time when the new £5 featuring Sir Winston Churchill appears in 2016.

A £10 note featuring Jane Austen to follow around a year later will also be made from polymer rather than the cotton paper currently used, the Bank said.

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