New £10 Note
It has recently been revealed that the new £10 note will have the face of the famous writer Jane Austen featured on the front.
Production of the new note began last August, however it is due to be launched on the 200th anniversary of Jane Austen’s death, July 18th, and all notes are to be issued during September 2017.
The current £10 note is the oldest Bank of England bank note which is currently still in circulation and, due to developments in technology, the security features can now be updated.
The new note will be made of the same polymer materials as the £5 note.
It will be slightly bigger than the polymer £5 note, however it will be smaller than the current £10 note that is still in circulation.
The polymer notes are being introduced as they are cleaner, more secure and also much more durable than the old notes.
There has been no date released for when the old £10 notes will leave circulation, however I am sure that this will be announced closer to the time.
Over 20 countries currently issue polymer banknotes which include Australia, who introduced them in 1998, New Zealand, Mexico, Singapore and Canada who introduced them in 2011.
September 2017 is nearly upon us, so just bear in mind that these new notes will be replacing the old notes shortly.
Jessica Cooper, Accounts & Tax