The Bank of England will uncover the new £10 polymer bill in Winchester on July 18, marking 200 years since the death of the English novelist Jane Austen who will be the face of the new bill.
Some of her most famous quotes are:
The person, be it gentleman or lady, who has not pleasure in a good novel, must be intolerably stupid.
I do not want people to be very agreeable, as it saves me the trouble of liking them a great deal.
A large income is the best recipe for happiness I ever heard of.
Ah! There is nothing like staying at home, for real comfort.
Selfishness must always be forgiven you know, because there is no hope of a cure.
It will be the only currency in distribution to feature a lady, aside from the Queen, following the replacement of the previous £5 note which starred prison reformer, Elizabeth Fry.
The new £10 note will be distributed and used in September this year.
The move to polymer has started debate after the Bank affirmed that an “extremely small amount” of tallow, or creature fat, was utilized to deliver polymer pellets, which were a piece of the production system for making the new notes.
Activists and religious gatherings have been pushing for economical, plant-based options and have blamed the national bank for constraining unscrupulous items on general society.
The Bank said it had held off marking supply contracts for the £20 polymer note, which is expected to be discharged in 2020, keeping in mind that the end goal is to comprehend better “the range of public opinion” encompassing the utilization of fat in banknote generation and investigate potential plant-based substitutes like palm and coconut oil.
Nevertheless, the Bank said it would keep the £5 available for use and issue the £10 as arranged in September.
Some alternatives, such as annihilating or republishing the £5 note and deferring the issue of the £10 note were considered, yet the Bank said it would be costly and compromise the plan against fake money measures.
The Bank has already burned through £24 million on printing 275 million new £10 polymer notes since creation started in August, in addition to the £46 million spent on printing the £5 note.
Reproducing those notes using new materials would mean bringing about those expenses once more, while the pulverization of those notes would cost a further £50,000, the Bank said.
An open discussion on the issue shut in May this year, however, the outcomes still can’t appear to be released.