World

Bank of England issues new 50 pound sterling banknote

June 23, 2021

LONDON — The Bank of England (BoE) announced on Wednesday that it had issued a new banknote of 50 pound sterling, manufactured out of Polymer.

BoE, which is the UK's Central Bank, announced on its website that the new £50 banknote features the British mathematician Alan Turin, whose researches greatly contributed to the computer sciences theory.

BoE stopped printing the old £50 banknote that features the steam engine engineers James Watt and Matthew Boulton and will be withdrawn from circulation for good starting from September of the year 2022.

The British banks can substitute the old banknotes for the new ones, even after the end of the determined period, it added.

One of the benefits shared by all our polymer banknotes is that they last longer than paper notes and they stay in better condition during their use. This note, like the polymer £10 and £20 will contain a tactile feature to help vision-impaired people identify the denomination, it added.

The polymer £50 will be issued for the first time on June 23, 2021, which coincides with Turing's birthday, it said.

Polymer banknotes are banknotes made from a synthetic polymer, as such notes incorporate many security features not available in paper banknotes, as the use of metameric inks. (end)

The new banknote features scientist Turing, who is well known for his codebreaking efforts during the Second World War and pioneering work in computer science.

The polymer 50-pound note would contain "advanced security features, completing our most secure set of Bank of England polymer banknotes yet", said the BoE.

"I'm delighted that our new 50-pound features one of Britain's most important scientists, Alan Turing," said BoE Governor Andrew Bailey, applauding Turing as a codebreaker, mathematician, developmental biologist and pioneer in the computer science.

In 2018, the BoE decided to choose the scientist on the new 50-pound banknote. It received a total of 227,299 nominations, covering 989 eligible characters. Turing is widely considered to be the father of theoretical computer science and Artificial Intelligence. — Agencies


June 23, 2021
510 views
HIGHLIGHTS
World
8 hours ago

Egypt, Bahrain leaders discuss Ethiopia's Nile dam issue

World
8 hours ago

Dutch foreign minister quits over evacuation chaos in Afghanistan

World
8 hours ago

Italy makes Green Pass mandatory for all in job market

X