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Old May 11th 07, 10:51 PM posted to rec.collecting.paper-money
Jeremy Rogers
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Posts: 7
Default Brits would like grubby looking 5 pound notes replaced by a coin

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.

However last year only 62M were issued, and 97M destroyed. The Bank
holds a large stock of new notes, more or less the same as the number in
circulation.

Jez
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