New £20 Note Revealed!
A new design of the most common, and most forged banknote has been revealed by the Bank of England.
In the first half of 2019, reports showed that 88% of detected banknote forgeries were £20 notes, the new design has been claimed to be the most secure bank note, and will reduce the banknote forgery, will enter circulation in Britain on the 20th February 2020 (20/02/2020. This definitely wasn't planned.)
It is reported that there is about two billion £20 notes in the system at the moment, double the amount of £10 notes, and with only 396 million £5 notes, and 344 million £50 notes.
The new £20 banknote will feature the signature of Sarah John, the Bank's Chief Cashier who said: "The new £20 is an important part of our commitment to providing banknotes that people can use with confidence.
Our polymer notes are much harder to counterfeit and, with the £20 being our most common note, this marks a big step forward in our fight against counterfeiting."
The banknote will include JMW Turner's Self-Portrait from 1799, which is currently on display at the Tate Britain, with his most eminent paintings, The Fighting Temeraire, which is on display at the National Gallery.
What other features will be included in the new banknote?
- Large see-through window, based on the shape of the fountains in Trafalgar Square, with blue and gold foil on the front depicting Margate lighthouse and the Turner Contemporary gallery in the town.
- Small see-through window inspired by Tintern Abbey.
- Metallic hologram which changes between the words "Twenty" and "Pounds" when tilted.
- Queen's Portrait in the see-through window, with "£20 Bank of England" printed around the edge.
- Silver foil patch with the 3D image of the Coronation Crown.
- Purple foil patch with the letter T, based on the staircase at the Tate Britain gallery.