Author Topic: Ulster Bank to Introduce Polymer £5 & £10 Banknotes in Northern Ireland by 2019  (Read 254 times)

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Ulster Bank to introduce plastic £5 and £10 notes by 2019

BY SARAH SCOTT
07:42, 25 JUL 2017

Ulster Bank is set to introduce plastic £5 and £10 notes into circulation by 2019.

The new polymer notes will replacing the current designs which have been in circulation for over 40 years.

They will feature advanced security features and design ideas crowd-sourced and influenced by a panel of expert historians, botanists, artists, architects and members of the public from across NI.

Lita Notte, Senior Brand and Marketing Manager at Ulster Bank said: " We will be delighted to issue new banknotes, which are an important part of our business heritage and the economy of Northern Ireland.

"Our theme ‘Living in Nature’ will showcase the creativity, passion and interests of people right across Northern Ireland. They are a unique, demonstration of what matters to those who live and work here in Northern Ireland.

"We’re looking forward to showcasing these new pieces and the energy and enthusiasm of all those who took part in the process."

The notes are in the final stages of their design phase, and will move into production later this year, with engagement with retailers and other business users to prepare equipment that manage and take cash payments to adapt to the changes.

The designs for the new notes will be unveiled in the coming months and will enter circulation in 2019.

Ulster Bank has produced bank notes in Northern Ireland for 181 years. In order to be transported, the earliest bank notes were cut in two and repasted together in bank premises.

All Northern Ireland banknotes are legal currency, eligible for use in all sterling transactions across the UK.

Current Ulster Bank £5 & £10 notes will remain in circulation until 2019, when they will be removed.

Source: Belfast Live
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