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Bank Of England Ditching Paper £20 Banknote, Going Plastic

In the age of digital currency, the Bank of England announced Wednesday that it is discontinuing printing its £20 banknote on paper and is instead moving to polymer, saying the material is more secure, durable and cleaner. A £20 note is worth approximately $30 US.

Bank of England polymer / plastic more popular than paper

The polymer bank notes are significantly more popular. In December 2013, when the BoE announced that the next £5 and £10 banknotes would be printed on polymer, they found that 87 percent of respondents approved of the change. But the notes have yet to move into circulation, so accurate data on satisfaction with the new material is yet to emerge. The polymer £5 note featuring Winston Churchill will be placed in circulation in fall of...