Plastic £5 Notes

[Perfidious Albion]

Coming soon to your wallet.. The good news is that they will last longer thus saving the Bank of England a packet . The bad news is that the Banking & Retail Industries will have to spend an estimated £200 million to change their machines .

They are also reported to have a tendency to stick together, which is good news if you are drawing money from an ATM but bad news if you are buying a drink in a busy bar....

Couple that with introduction next year of a new 12 sided £1 coin and the retailers are facing a big investment in updating their machines

Any thoughts ?

 

[Blue Valkyrie]

About time we got rid of 1p and 2p pieces.

 

[Joey Jo Jo Jr. Shabadoo]

Bloody plastic £5 notes, only here cause it's a nice stadium with a padded seat. They've all got Premier League clubs they really support etc...etc....

 

[Beach Hut]

Using plastic notes at present, very acceptable but a huge cost to the the vending industry

 

[The Albion Roar]

Using plastic notes at present, very acceptable but a huge cost to the the vending industry

I'd have thought the vending machines companies will be rubbing their hands at this.

 

[Beach Hut]

I'd have thought the vending machines companies will be rubbing their hands at this.

To a certain extent they are as a licence to print money in conversion costs however ultimately cost of goods will go up.

 

[El Presidente]

To a certain extent they are as a licence to print money in conversion costs however ultimately cost of goods will go up.

More and more vending machines will accept smart cards and the likes of Apple Pay, so costs won't rise as the vending machines will not need emptying of cash, and paying into banks, as often as before.

 

[perseus]

Don't need the notes to be so big.

 

[GOM]

I'm sure there are many countries that already use plastic notes, I know of Australia and Singapore for a start

 

[tomfitz12]

Will they still be able to fold when in a wallet? How rigid is this plastic?

 

[Driver8]

I'm sure there are many countries that already use plastic notes, I know of Australia and Singapore for a start

New Zealand too.

 

[Herr Tubthumper]

I only ever seem to see fivers when I'm up north.

 

[Beach Hut]

Will they still be able to fold when in a wallet? How rigid is this plastic?

Canadian notes fold OK in my wallet

 

[ManOfSussex]

Polymer banknotes apparently - https://en.wikipedia.org/wiki/Polymer_banknote

You can view the new £5 note here, the Bank of England have made a whole new site dedicated to it - http://www.thenewfiver.co.uk/

 

[GingerBeerMan]

New Zealand too.

Canada and Mexico too. Put a few in the wash once, came out nice and clean.

 

[severnside gull]

I was shown samples when they were designing them a couple of years ago. Look and feel just like the Aussie notes which used to go through a good few wash cycles no problem when I left them in my trouser pocket

 

[The Spanish]

I'm sure there are many countries that already use plastic notes, I know of Australia and Singapore for a start

singapore only 2, 5 and 10 dollars. fiftys and hundreds are paper.

 

[studio150]

Will they still be able to fold when in a wallet? How rigid is this plastic?

No problems with the Australian plastic notes folding into my wallet when visiting,

 

[WhingForPresident]

Canada and Mexico too. Put a few in the wash once, came out nice and clean.

And Hong Kong.

 

[Tyrone Biggums]

I'm sure there are many countries that already use plastic notes, I know of Australia and Singapore for a start

Best thing ever changing from paper to plastic. Love our currency.