The New Fiver was issued on 13 September 2016. Full details of the design and security features are available along with free training materials for retailers and businesses. You can find out more about the new polymer £5 note at www.thenewfiver.co.uk
The £10 note will be issued in summer 2017 and the £20 note by 2020. You can continue to spend paper £5 notes as usual until 5 May 2017. After this they will cease to be legal tender.
Polymer banknotes are cleaner, more secure, and more durable than paper banknotes. They will provide enhanced counterfeit resilience, and increase the quality of banknotes in circulation.
In October 2016, we held a charity auction of banknotes with low serial numbers. The auction raised £194,500 for the Bliss charity for premature and ill babies, the Myotubular Trust and The Lily Foundation for mitochondrial disease.
The three Scottish issuing banks are also printing their next £5 and £10 notes on polymer.
The Royal Mint will be issuing a new £1 coin in March 2017. For further information go to The Royal Mint.