Royal Bank of Scotland to issue polymer bank notes
It is anticipated that the new £5 note will be issued in the second half of 2016, with the £10 note following in 2017. This is in line with the time scales announced by the Bank of England, Clydesdale Bank and Bank of Scotland.
The new notes will be completely redesigned and will include new subjects for the portraits and the new designs are due to be partially unveiled in the coming months.
The polymer notes will be 15% smaller and printed on De La Rue’s Safeguard® Polymer material which will be cleaner, more secure and more durable than traditional cotton notes. The additional durability will also reduce costs for issuing banks.
A comprehensive education and awareness programme will support the release of the new notes, which will cover information on new security features and how the current notes will be removed from circulation.
RBS has been issuing banknotes since 1727 and has an average of £1.5bn worth of notes in circulation on a single day.
David Wheldon, Chief Marketing Officer at the Royal Bank of Scotland, commented:
“It is very important that people have confidence in our banknotes. The move to polymer notes will bring significant benefits to all those who use them. They will be smaller, cleaner and more secure.
“I look forward to unveiling the new designs later in the year, following close collaboration with the Scottish public.”
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There are 21 comments add yours
- Frank S.
- The current series of RBS bank notes are in circulation since 1987. I think it is now the time to revamp the notes. I am very curious to see the new designed notes.
- Robert Bywater
- RBS can't make up its mind whether to have Alexander Fleming or Bell of telephone fame on their £10 banknotes. If they want Scotland's most famous scientist it is neither of those two. The name is James Clerk Maxwell who unified all of electricity, magnetism and thermodynamics, a fantastic achievement, which paved the way for Einstein. (There have also been great mathematicians: McLaurin, Napier ... and others - check out the St Andrews University website).
- David Fotheringham
- The face The new face has to be James Clerk Maxwell...no contest
- Dee Gilks
- I vote for James Clerk Maxwell
- Paul Goodwin
- James Clerk Maxwell should be the man, according to Einstein "The work of James Clerk Maxwell changed the world forever"
- Richard Willis
- Another vote for James Clerk Maxwell.
- Julia Muir Watt
- James Clerk Maxwell, for his decisive contribution to the theory of relativity.
- wim der kinderen
- James Clerk Maxwell is one of the greatest physicists of all time. He died at the early age of 47. By that time he had published many ground-breaking papers on a variety of topics, the most famous being the foundations of electricity and magnetism. His theories explain the workings of many things we use today, such as radio, mobile phone, microwave, radar etc. He is the founder of the world-famous Cavendish Laboratory at Cambridge University. Einstein called him the greatest physicist of all time.
- Brian Mitchell
- I think James Clerk Maxwell, the great Scottish scientist who led the way in electronics, is surely the figure that should appear on a new Scottish bank note. Had it not been for his work radio, TV, radar, etc would have been much longer in coming. Maxwell is one of the most underrated scientific pioneers ever!
- Mrs Susan Jenkins
- I would like to nominate James Clerk Maxwell as the face to be on the new £10 note. He needs to better known, especially by people in Scotland. The greatest physicist on a par (or better than) with Albert Einstein.
- Dr David Houston
- James Clerk Maxwell - Scotland's Einstein - should not be ignored again - he was the greatest scientist between Newton and Einstein - his innovative discovery of the relationship between electricity and magnetism and his genius in capturing that in mathematical equations was one of the most brilliant scientific achievements of all time. Einstein had a picture of JCM in his office to inspire him.
- James Clerke Maxwell it's time he got the recognition he deserves
- David Forfar
- As Chairman of the James Clerk Maxwell Foundation, I naturally nominate James Clerk Maxwell. We celebrate this year (2015) the 150th Anniversary of the publication of Maxwell's paper “A Dynamical Theory of the Electromagnetic Field" which set down Maxwell's Equations. "…..light itself (including radiant heat and other radiations if any) is an electromagnetic disturbance in the form of waves....” By showing that visible light and radiant heat . Maxwell’s work was epoch making as we now know that the electromagnetic spectrum covers a vast range from radio waves to gamma rays. The worldwide significance to mankind of Maxwell’s work is now universally acknowledged and it is for this (as well as his other work) that Maxwell now ranks with Newton and Einstein. A statue of Maxwell has been erected in George Street. Maxwell’s (a Scotsman) had an international standing is of the highest order,
- Adrian Mahoney
- I'd nominate the Scottish inventor James Watt. He improved the steam engine and literally changed the world. http://www.engineeringhalloffame.org/profile-watt.html
- K Murray
- I quite fancy John Napier - logarithms made so much possible [and dont forget the bones - as good as a calculator? ] But i think J Clerk Maxwell [ with Einsteins nomination] is best. Provided you include a picture of his constant companion, his dog.
- Steve Dovey
- It is high time the Greatest ever Briton was honoured and retrieved from obscurity. The Scot who was the ONLY man who can be said to have singularly ensured that we did not lose the Battle of Britain and hence did not lose the war, which would otherwise have been inevitable, has been too long forgotten. Sir Hugh Dowding was that man. What better way to remember him than to put him on a bank note?
- Tom Paterson
- I do hope that consideration is given to persons with little or no vision, the current Clydesdale £5 note is causing lots of problems.
- Steve Patrick
- Another vote for James Clerk Maxwell - 'The man who changed everything'.
- Lesley Patrick
- Should be James Clerk Maxwell, the man who inspired Einstein
- Sandra Johnston
- What date will the new £5 note be issued?
- MARIA SCHUREI.
- when will new plastic RBS £5 note be issued THANK U I AM A LONG TIME CUSTOMER OF YOURS.