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    News in brief

    Plastic £5 notes enter circulation in the UK

    News in brief

    The Bank of England has begun rolling out plastic £5 (US$6.59) notes across the UK. The new fiver is made from polymer, a flexible plastic material, and features Sir Winston Churchill. “The new fiver is the first of the Bank of England’s new series of polymer notes, with the £10 (US$13.17) and £20 (US$26.34) notes to be replaced with polymer designs over the coming years,” the BofE says. Paper £5 notes will cease to be legal tender in May 2017.

    Filed by Email Rian Boden Published • Last updated 13 September 2016, 16:02

    • William Hugh Murray, CISSP

      This brings us one step closer to the day when paper will have only the symbolic value of clay tablets. Can RFID chips in currency be far behind?

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