Jane Austen banknote goes into circulation in Britain

Image
IANS London
Last Updated : Sep 15 2017 | 4:02 AM IST

The first ever British banknote to contain a portrait of a female went into circulation on Thursday, the Bank of England announced. The new tamper-proof ten pound note features the famous English novelist Jane Austen.

Just over one billion polymer ten-pound notes have been printed ready for issue, and will begin to be seen in the following days and weeks as the notes leave cash centers around the country and enter general circulation, the bank said.

It is also the first British banknote with a tactile feature to support blind and partially sighted users. A series of raised dots in the top left-hand corner helps blind and partially sighted users to identify the denomination of the note, Xinhua news agency reported.

The first of the new notes has been given to Queen Elizabeth, with her husband Prince Philip and the heir to the British throne receiving the second and third notes produced.

The new Jane Austen ten pound note joins the Winston Churchill five pound note in the first series of polymer Bank of England banknotes. A new 20 pound note featuring J.M.W Turner will follow in 2020.

Bank of England Governor Mark Carney said: "The new 10 pound note celebrates Jane Austen's work. Austen's novels have a universal appeal and speak as powerfully today as they did when they were first published."

The new note contains sophisticated security features which make it very difficult to counterfeit. It is expected to last at least 2.5 times longer than the current paper notes -- around five years -- and stay in better condition during day-to-day use.

The old ten pound notes will remain as legal tender until spring of 2018.

--IANS

vgu/

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 15 2017 | 3:52 AM IST

Next Story