Timing of Issue of New-Signature Banknotes

Andrew Bailey, the Bank's new Chief Cashier, takes up his position from 1 January, 2004.
Published on 30 December 2003

Past practice has been for the Bank to have banknotes bearing both the new Chief Cashier's signature and first cypher numbers available at the Bank's Threadneedle Street front counter from the first working day of the new appointment. Outside such occasions the Bank's normal policy is to place banknotes into circulation from its stock so that the notes held longest in stock are issued before newer printed stock.

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