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A new polymer £20 note featuring artist JMW Turner has entered circulation for the first time, the Bank of England has announced.
Polymer Banknotes
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Brendan Doyle, chief executive of CMS Payments Intelligence The chief executive of CMS Payments Intelligence has claimed that UK banks and retailers face costs of up to £236 million to ensure they can accept and process polymer banknotes.
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Glasgow-based Clydesdale Bank is to become the first to produce mainland UK plastic banknotes. Clydesdale polymer £5 notes go into circulation from today, well in advance of the Bank of England following suit in 2016.
