Bank of England considers the idea of introducing a plastic pound

After it has experimented with ultra-low interest rates and various bond-buying program in order to keep rates from rising, Bank of England is now considering another innovative measure – introducing plastic banknotes. It announced on  Tuesday that it is starting a public consultation over whether to replace cotton-paper £5 and £10 bank notes with plastic-feeling polymer “fivers” and “tenners” in 2016. The new bills will have the British Second World War leader Winston Churchill on them. If this idea is realized it will represent another break with tradition for the 319…

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