Banknote Statistics

Stock of Notes in Circulation at end-February (value)

(£ millions)
  £5 £10 £20 £50 Other
notes*
Total
2004 1,025 5,714 20,070 5,742 3,465 36,015
2005 1,054 5,670 21,649 6,082 960 35,416
2006 1,051 5,591 22,690 6,510 1,071 36,914
2007 1,100 5,886 23,740 6,705 1,018 38,449
2008 1,242 6,115 25,649 7,526 4,447 44,979
2009 1,302 6,304 28,089 8,691 4,222 48,608
* higher value notes used as cover for the note issues of banks in Scotland and Northern Ireland in excess of their fiduciary issues

Production of Bank of England banknotes

(Millions of Notes)
  £5 £10 £20 £50 Total
2003/04 179 270 276 24 749
2004/05 194 510 136 0 840
2005/06 110 370 468 30 978
2006/07 70 128 271 0 469
2007/08 18 92 882 20 1,012
2008/09 338 400 498 62 1,298

Issue of Bank of England banknotes by value

(£ Millions)
  £5 £10 £20 £50 Total
2003/04 1,545 3,367 4,589 525 10,027
2004/05 534 2,978 6,363 608 10,482
2005/06 314 2,287 6,825 331 9,757
2006/07 532 3,233 6,551 658 10,973
2007/08 812 3,298 14,416 921 19,447
2008/09 749 3,250 11,718 1,550 17,267

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Issue of Bank of England banknotes by number of notes

(Millions of Notes)
  £5 £10 £20 £50 Total
2003/04 309 337 229 11 886
2004/05 107 298 318 12 735
2005/06 63 229 341 7 639
2006/07 106 323 328 13 770
2007/08 162 330 721 18 1,231
2008/09 150 325 586 31 1,092

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Destruction of Bank of England banknotes by value

(£ Millions)
  £5 £10 £20 £50 Total
2003/04 585 3,303 4,600 116 8,604
2004/05 768 2,154 4,031 107 7,059
2005/06 485 2,798 5,295 303 8,881
2006/07 674 3,085 5,468 320 9,547
2007/08 945 3,121 10,520 344 14,930
2008/09 754 3,044 7,423 191 11,412

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Destruction of Bank of England banknotes by number of notes

(Millions of Notes)
  £5 £10 £20 £50 Total
2003/04 117 330 230 2 680
2004/05 154 215 202 2 573
2005/06 97 280 265 6 648
2006/07 135 309 273 6 723
2007/08 189 312 526 7 1,034
2008/09 151 304 371 4 830

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Stocks of New Banknotes

March 2003 - February 2004

Millions
of Notes
£5 £10 £20 £50 Total
March 198 289 343 15 845
April 214 236 278 13 740
May 236 256 264 12 768
June 236 264 316 12 829
July 211 303 331 11 855
August 226 313 304 10 852
September 208 295 285 20 809
October 178 263 317 30 788
November 144 216 341 31 733
December 105 190 346 30 671
January 96 188 377 30 691
February 111 208 375 29 723
Average 2003/04 180 252 323 20 775

March 2004 - February 2005

Millions
of Notes
£5 £10 £20 £50 Total
March 101 253 355 28 738
April 87 281 321 27 717
May 88 266 303 26 683
June 138 225 279 24 665
July 164 247 250 22 683
August 187 258 231 20 697
September 176 274 256 20 726
October 169 303 279 19 770
November 190 335 250 19 793
December 181 310 143 17 651
January 210 395 165 17 788
February 200 428 191 17 836
Average 2004/05 158 298 252 21 729

March 2005 - February 2006

Millions
of Notes
£5 £10 £20 £50 Total
March 192 443 221 17 873
April 187 489 248 17 940
May 199 482 274 17 972
June 247 466 279 16 1,008
July 240 470 302 15 1,028
August 233 490 325 14 1,062
September 227 498 329 24 1,078
October 221 533 328 34 1,116
November 217 546 332 34 1,128
December 217 531 340 34 1,122
January 210 546 333 33 1,122
February 247 593 322 33 1,194
Average 2005/06 220 507 303 24 1,054

March 2006 - February 2007

Millions
of Notes
£5 £10 £20 £50 Total
March 273 601 300 32 1,206
April 296 606 253 31 1,187
May 294 603 229 31 1,156
June 286 607 245 29 1,168
July 278 598 217 28 1,120
August 267 565 170 27 1,028
September 255 538 170 25 989
October 238 523 172 25 958
November 226 492 197 24 939
December 220 426 152 21 819
January 215 409 72 23 718
February 210 397 134 20 761
Average 2006/07 255 530 193 26 1,004

March 2007 - February 2008

Millions
of Notes
£5 £10 £20 £50 Total
March 203 392 451 18 1,064
April 190 406 543 31 1,170
May 173 344 470 17 1,004
June 155 322 480 16 973
July 138 291 456 12 897
August 129 249 418 9 806
September 114 226 379 8 727
October 96 183 336 12 628
November 84 183 311 13 591
December 70 156 263 11 500
January 58 171 286 20 536
February 82 157 326 20 585
Average 2007/08 124 257 393 16 790

March 2008 - February 2009

Millions
of Notes
£5 £10 £20 £50 Total
March 60 150 230 19 459
April 59 139 259 17 475
May 96 109 236 14 455
June 107 95 232 12 446
July 94 154 227 9 484
August 77 178 208 12 476
September 66 182 225 15 488
October 85 226 258 17 586
November 85 273 264 20 643
December 84 285 205 27 601
January 98 268 184 32 581
February 123 244 194 42 602
Average 2008/09 86 192 227 20 525

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Damaged or mutilated Bank of England note claims received


  Reason for claim No of claims rec’d Value of claims rec’d
2003 Torn/part note
17,156
£782,000
  Chewed/eaten
4,385
£83,000
  Washed
3,491
£98,000
  Contaminated
2,256
£19,746,000
  Fire/flood damage
1,629
£636,000
   
Total: 28,917
Total: £21,345,000
       
2004 Torn/part note
17,220
£1,135,000
  Chewed/eaten
4,272
£86,000
  Washed
3,238
£89,000
  Contaminated
2,869
£26,460,000
  Fire/flood damage
1,579
£761,000
   
Total: 29,178
Total: £28,531,000
       
2005 Torn/part note
20,756
£1,955,000
  Chewed/eaten
4,692
£98,000
  Washed
3,441
£88,000
  Contaminated
3,242
£37,557,000
  Fire/flood damage
1,521
£905,000
   
Total: 33,652
Total: £40,603,000
       
2006 Torn/part note
21,755
£2,244,000
  Chewed/eaten
4,956
£103,000
  Washed
3,274
£87,000
  Contaminated
4,116
£35,571,000
  Fire/flood damage
1,424
£905,000
   
Total: 35,525
Total: £38,910,000
       
2007 Torn/part note
19,788
£2,303,000
  Chewed/eaten
4,748
£92,000
  Washed
2,826
£73,000
  Contaminated
4,295
£35,381,000
  Fire/flood damage
1,454
£2,407,000
   
Total: 33,111
Total: £40,256,000
       
2008 Torn/part note
19,235
£2,116,209
  Chewed/eaten
4,916
£113,134
  Washed
2,529
£82,128
  Contaminated
4,287
£30,634,960
  Fire/flood damage
1,451
£1,026,452
   
Total: 32,418
Total: £33,972,885

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