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BBC News Online: UK
Tuesday, 7 November, 2000, 08:54 GMT
Change for a tenner
A new £10 note designed to foil forgers hits the high street on Tuesday.
More than £4bn worth of the banknotes, which see naturalist
and scientist Charles Darwin replacing author Charles Dickens on the reverse
side, have been printed.
The Bank of England has released an undisclosed amount to
banks, building societies and post offices throughout Britain.
As well as the traditional features of the watermark and metallic
thread, it includes anti-copy devices.
Anti-counterfeiting and cost effectiveness are the two key objectives of our
banknote research work
Merlyn Lowther
Bank of England
The front of the note, which still bears the Queen's head, displays an enlarged "£10" denomination header in bright red.
But the note also carries an invisible figure 10 that only shows up under ultraviolet light.
The word "Ten" is written alongside the figure but in lettering so small it can only be read with a magnifying glass.
A brightly-coloured foil hologram of Britannia or the figure 10 also features.
The portrait of Darwin on the back includes objects related to his life and work.
The HMS Beagle, a Galapagos Islands hummingbird, flowers
and Darwin's lever compressor lens are shown.
Legal tender
At the end of February there were about 568 million £10
notes, 209 million £5 notes, 659 million £20 notes and 84 million £50 notes in circulation.
Bank of England officials said the "Dickens £10" will remain legal
tender for some time after it is no longer actively circulated.
But many will quickly disappear from circulation as notes are recycled every 18 months to two years.
The Bank's chief cashier, Merlyn Lowther, whose signature appears on the
notes, said: "We have carried on to this new note the enhancements which were
introduced with the new £20 last year, and which have been very successful.
"Anti-counterfeiting and cost effectiveness are the two key objectives of our
banknote research work."
Related to this story:
'Hairy' £20 note set to foil fakers
(22 Jun 99 | The Economy)
Should Europe axe the Queen's head? Your reaction
(28 Sep 98 | Talking Point)
An old money-making scam
(22 Jun 99 | Your Money)
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