![]() Over the years, various Acts of Parliament were introduced by the Parliament of the United Kingdom to increase confidence in banknotes in circulation by limiting the rights of banks to issue notes. Until the middle of the 19th century, private banks in Great Britain and Ireland were free to issue their own banknotes, and notes issued by provincial banking companies were commonly in circulation. The Bank of England has not always had a monopoly of note issue in England and Wales. Withdrawn notes Withdrawn Bank of England notes since Series D The custom of depicting historical figures on the reverse began in 1970 with Series D, designed by the Bank of England's first permanent artist, Harry Eccleston. Queen Elizabeth II has appeared on all the notes issued since Series C in 1960. More recent issues also include the EURion constellation, a pattern of yellow circles which stops copying of banknotes and is easily identified by photocopiers. The £5, £10, £20 and £50 polymer notes do not contain a watermark. On the left-hand side of the Series F £20 and £50 notes there is a hidden watermark, featuring the Queen facing right. They include the printed signature of the Chief Cashier of the Bank of England, Sarah John, for notes issued since mid-2018, and depict Queen Elizabeth II in full view, facing left. Features Īll current Bank of England banknotes are printed by contract with De La Rue at Debden, Essex. For table standards, see the banknote specification table. These images are to scale at 0.7 pixel per millimetre. ![]() Previous note was withdrawn from circulation on 30 September 2022. This is the final Series G polymer note to be issued. Turing is the first LGBT person to feature on a Bank of England banknote. The quotation "This is only a foretaste of what is to come and only the shadow of what is going to be" is from Alan Turing, given in an interview to The Times newspaper on 11 June 1949. Photo of mathematician and computer scientist Alan Turing by Elliott & Fry, with an image of Turing's Automatic Computing Engine. The previous note featuring Adam Smith was withdrawn from circulation on 30 September 2022. 1799), a version of Turner's The Fighting Temeraire, the quote "Light is therefore colour" from an 1818 lecture by Turner, and a copy of Turner's signature as made on his will. New notes, in the same design but featuring Charles III, are expected to enter circulation in mid-2024. The previous note featuring Charles Darwin was withdrawn from circulation on 1 March 2018. 1810) by James Andrews, based on a portrait by her sister, Cassandra, the quote "I declare after all there is no enjoyment like reading!" from Pride and Prejudice, an illustration of Elizabeth Bennet and a view of Godmersham Park in Kent. New notes, in the same design but featuring the new monarch, Charles III, are expected to enter circulation in mid-2024. This is the Bank of England's first banknote to be printed in polymer. The notes currently in circulation are as follows: Current banknotes Imageġ941 portrait of Winston Churchill by Yousuf Karsh, the Elizabeth Tower, and the maze at Blenheim Palace, the quote "I have nothing to offer but blood, toil, tears and sweat." from a 1940 speech by Churchill, and the Nobel Prize medal. Each value has its own distinct colour scheme and the size of each note increases in length and width as the value increases. ![]() There are currently four different denominations of notes – £5, £10, £20 and £50. ![]() They are expected to enter circulation in mid-2024. The Bank of England unveiled new notes, in the same design but featuring the new monarch, Charles III, on 20 December 2022. The notes now in circulation all feature a portrait of the late Queen Elizabeth II on the obverse. The Bank of England now issues notes, all in polymer, in four denominations – £5, £10, £20 and £50. Bank of England notes are not legal tender in Scotland and Northern Ireland, but are always accepted by traders. Of the eight banks authorised to issue sterling notes in the UK, only the Bank of England can issue banknotes in England and Wales, where its notes are legal tender. Since 1970, the Bank of England's notes have featured portraits of British historical figures. In 1921 the Bank of England gained a legal monopoly on the issue of banknotes in England and Wales, a process that started with the Bank Charter Act of 1844 when the ability of other banks to issue notes was restricted.īanknotes were originally hand-written although they were partially printed from 1725 onwards, cashiers still had to sign each note and make them payable to someone. The Bank of England, which is now the central bank of the United Kingdom, British Crown Dependencies and British Overseas Territories, has issued banknotes since 1694. ![]()
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