Banknote statistics

We publish annual statistics on the number of banknotes in circulation, how many notes we issue, how many are destroyed and the number of claims we receive for damaged notes.
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Number of banknotes in circulation (£ millions)

£5 £10 £20 £50 Total
2013 305 723 1758 206 2993
2014 308 718 1824 221 3071
2015 320 737 1946 236 3239
2016 329 777 2052 263 3421
2017 382 801 2168 312 3663

 

Value of banknotes in circulation (£ millions)

£5 £10 £20 £50 Other notes* Total
2013 1,526 7,234 35,163 10,323 3,776 58,022
2014 1,540 7,182 36,483 11,025 3,967 60,198
2015 1,601 7,371 38,912 11,788 4,118 63,789
2016 1,645 7,767 41,037 13,157 4,212 67,819
2017 1,912 8,006 43,357 15,601 4,322 73,198

*higher value notes used as cover for the note issues of banks in Scotland and Northern Ireland

Number of banknotes produced (millions of notes)

£5 £10 £20 £50 Total
2012/13 130 620 560 0 1310
2013/14 232 250 380 90 952
2014/15 221 210 340 72 843
2015/16 256 274 144 0 674
2016/17 349 555 8 0 912

 

Number of banknotes issued (millions of notes)

£5 £10 £20 £50 Total
2012/13 88 284 298 89 760
2013/14 159 214 264 45 682
2014/15 174 243 310 43 770
2015/16 195 568 253 37 1,053
2016/17 329 401 319 64 1,112

 

Value of banknotes issued (£ millions)

£5 £10 £20 £50 Total
2012/13 440 2,844 5,959 4,461 13,704
2013/14 793 2,141 5,281 2,260 10,474
2014/15 869 2,433 6,202 2,165 11,668
2015/16 977 5,683 5,056 1,831 13,547
2016/17 1,643 4,008 6,382 3,188 15,220

 

Number of banknotes destroyed (millions of notes)

£5 £10 £20 £50 Total
2012/13 184 246 198 217 845
2013/14 185 281 191 37 695
2014/15 200 235 192 35 662
2015/16 179 525 177 10 891
2016/17 302 406 169 10 886

 

Value of banknotes destroyed (£ millions)

£5 £10 £20 £50 Total
2012/13 919 2,463 3,967 10,854 18,203
2013/14 927 2,811 3,821 1,874 9,432
2014/15 1,001 2,351 3,848 1,739 8,939
2015/16 893 5,250 3,547 481 10,172
2016/17 1,509 4,058 3,371 484 9,422

 

Number of claims for damaged banknotes

2012 2013 2014 2015 2016
Torn/part notes 12,984 12,619 11,328 10,671 10,471
Chewed/eaten 5,740 5,815 5,703 5,364 5,094
Washed 2,082 2,072 1,967 1,801 1,809
Contaminated 2,644 2,727 2,962 2,912 2,565
Fire/flood damaged 1,189 1,182 1,133 997 1,239
Total 24,639 24,415 23,093 21,745 21,178

 

Value of claims for damaged banknotes

2012 2013 2014 2015 2016
Torn/part notes £2,955 £2,423 £2,337 £1,871 £1,853
Chewed/eaten £131 £124 £127 £128 £123
Washed £65 £66 £57 £61 £68
Contaminated £9,015 £9,400 £7,306 £8,653 £8,353
Fire/flood damaged £1,218 £544 £1,051 £543 £3,466
Total £13,384 £12,557 £10,878 £11,256 £13,863

 

Number and notional value of counterfeits discovered (rounded to the nearest 1,000)

Year £5 £10 £20 £50 Total Notional Value (£ millions)* Number removed before entering circulation (bulk seizures)
2012 4,000 163,000 563,000 16,000 746,000 13.71 9,000
2013 5,000 248,000 434,000 16,000 703,000 11.99 8,000
2014 2,000 96,000 327,000 15,000 440,000 8.26 0
2015 1,000 52,000 173,000 23,000 249,000 5.14 0
2016 2,000 22,000 297,000 26,000 347,000 7.47 6,000
2017 H1  1,000  24,000  199,000  13,000  237,000  4.875  0

 

Notional value* of counterfeits discovered (£mn, rounded to nearest £1000)

Year £5 £10 £20 £50 Total (£ millions)
2012 £0.02 £1.63 £11.26 £0.80 £13.71
2013 £0.03 £2.48 £8.68 £0.80 £11.99
2014 £0.01 £0.96 £6.54 £0.75 £8.26
2015 £0.01 £0.52 £3.46 £1.15 £5.14
2016 £0.01 £0.22 £5.94 £1.30 £7.47

*Counterfeit banknotes are worthless.

 
This page was last updated 30 November 2017
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