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Who issues UK banknotes?
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What are the different types of banknotes?
There are four denominations of the banknotes in circulation: £5, £10, £20 and £50. All four denominations of notes are printed on polymer. The security features are the same on both the King Charles III and Queen Elizabeth II notes.
- Note
Exchanging old notes. This note replaces our paper £5 note...
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You can exchange old Bank of England £5, £10, £20 and £50...
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- Banknote Statistics
This chart shows how many counterfeit notes we receive and...
- Note
Banknotes. Main articles: Banknotes of the pound sterling and Bank of England note issues. Note: The description of banknotes given here relates to notes issued by the Bank of England. Three banks in Scotland and four banks in Northern Ireland also issue notes, in some or all of the denominations: £1, £5, £10, £20, £50, £100.
To make it possible for the note-issuing banks to hold equivalent values in Bank of England notes, the Bank of England issues special notes with denominations of one million pounds ("Giants") and one hundred million pounds ("Titans") for internal use by the other banks.
Each banknote denomination is a different size. The higher the value of a note, the larger it is. On the front of the notes (the side with raised print), the value can be identified by the number of clusters of raised dots in the top left corner. The £5 has none, the £10 has two, the £20 has three and the £50 has four clusters.
The Bank of England is the UK's central bank. It issues the UK's banknotes. Coins are manufactured and issued by the Royal Mint. Scottish and Northern Ireland banknotes are also available in the UK. These are issued by three banks in Scotland and three banks in Northern Ireland.
Sep 18, 2023 · The total number of banknotes of all denominations in circulation amounted to 4.5 billion British pound banknotes as of the end of February 2021. The denomination of British pound note with the...
