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Old May 17th 07, 02:22 AM posted to rec.collecting.paper-money
Dik T. Winter
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Posts: 299
Default Brits would like grubby looking 5 pound notes replaced by a coin

In article Jeremy Rogers writes:
The message
from Roger Hunt contains these words:
wrote
http://www.express.co.uk/posts/view/6595

This Brit doesn't. This Brit would like the banks to occasionally pull
their finger out, pull the tatty stuff from circulation and release some
new notes.


The Bank of England stats tell the story.

Over the most recent 7 years where figures are available, the value of
five pound notes in circulation has been remarkably constant at just
over £1000M.

Up until 2004 the number of notes issued was around 200-250M, in line
with the stated average lifetime of 10-12 months.


I still remember being in the UK when all banks had a large display that
told the customers that the bank would not alway issue new notes because
of production cost, and so there was a shortage. (This was before the
time of the one pound coins...)
--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/
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