Bank of England issues new £ 50 banknote
LONDON – The Bank of England (BoE) said on Wednesday it had issued a new Â£ 50 banknote, made from polymer.
The BoE, which is the central bank of the United Kingdom, announced on its website that the new Â£ 50 banknote featured British mathematician Alan Turin, whose research contributed greatly to the theory of computer science.
The BoE has stopped printing the old Â£ 50 banknote representing steam engine engineers James Watt and Matthew Boulton and will be permanently withdrawn from circulation as of September 2022.
British banks can substitute the old banknotes for the new ones even after the end of the specified period, he added.
One of the benefits shared by all of our polymer banknotes is that they last longer than paper banknotes and stay in better condition while in use. That note, like the Â£ 10 and Â£ 20 polymer, will contain a tactile feature to help visually impaired people identify the denomination, he added.
The Â£ 50 polymer will be issued for the first time on June 23, 2021, coinciding with Turing’s birthday, he said.
Polymer banknotes are banknotes made from a synthetic polymer, as these banknotes incorporate many security features not available in paper banknotes, such as the use of metameric inks. (to finish)
The new post features scientist Turing, well known for his WWII decryption efforts and pioneering work in computing.
The 50 pound polymer note is said to contain “advanced security features, completing our most secure set of Bank of England polymer notes to date,” the BoE said.
“I am delighted that our new 50 books feature one of Britain’s most important scientists, Alan Turing,” said BoE Governor Andrew Bailey, applauding Turing as a decryptor, mathematician, developmental biologist and IT pioneer.
In 2018, the BoE decided to choose the scientist on the new 50 pound note. He received a total of 227,299 nominations, covering 989 eligible characters. Turing is widely regarded as the father of theoretical computing and artificial intelligence. – Agencies