For details on how to contact our editorial and commercial departments, click here
Flexible banknotes win favour with North-East shoppers
SHOPPERS in the region gave a mostly positive reaction to proposals to introduce plastic money.
A public consultation to replace banknotes printed on plastic rather than cotton paper was launched in the North-East yesterday.
The Bank of England is considering replacing five and ten pound notes with polymer bills from 2016 and has been seeking the views of people in the region.
More than 600 shoppers got their hands on examples at the Metrocentre in Gateshead today - with nine out of ten people saying they were in favour.
Kevin Love, 49, from Consett, County Durham, said: “They are a lot more flexible and I am sick of my wife putting bank notes through the washer so this would put a stop to that problem.”
The Bank of England estimate the polymer notes will save about £100m over ten years in production costs.
They are more resistant to dirt and moisture so stay cleaner for longer than paper banknotes.
Polymer banknotes are more secure and have advanced security features making them difficult to counterfeit and are more durable, lasting two-and-a-half times longer than the existing currency.
Allan Welford, 59, from Consett, said: “It is a good idea as they are a lot cleaner and will help put a stop to forgery.”
But the new feel money, which was first introduced in Australia 25 years ago, was not a hit with everyone.
Robert Hall, from Rushyford, near Newton Aycliffe, who is studying physics at Oxford University, said paper money was part of the country’s history.
He said: “Our banknotes are part of our heritage and part of England. People come to visit England because of our history and if we lose that what have we got left?”
Victoria Cleland, head of notes at the Bank of England, who was at the event and will be speaking at the Darlington campus of Teesside University today said rolling out the new notes depended on the outcome of the consultation.
She said: “People are surprised by how easy they are to handle. People expect plastic notes to be quite hard to fold, like a credit card but actually they see that they can put them into wallets and pockets quite easily so they are not as different as people envisage they would be.”
The event was one of 50 consultation events, and 13 in shopping centres, being carried out around the country.
A shopper looks at one of the notes
Comments are closed on this article.