The Bank of England has shared new banknote designs submitted by the public. They have been seeking input for the next banknote series, which would mark the most significant redesign in half a century.
Among the proposals received are depictions of a dolphin, the Sycamore Gap tree, and the Angel of the North sculpture in Gateshead. The Bank of England has reportedly received thousands of suggestions.
Victoria Cleland, the chief cashier at the Bank of England, noted the high level of interest from young individuals. She emphasized the significance of banknotes in celebrating the UK’s heritage and achievements. The final selection of the new designs will be made by Bank of England governor Andrew Bailey.
Previously, the Bank of England outlined six potential themes for the upcoming banknotes, covering historical figures, architecture, arts, notable events, innovation, and nature. The public can also propose additional themes for consideration, with the possibility of further public feedback on specific images for the chosen theme.
The forthcoming series of banknotes will continue to feature a portrait of King Charles, with no living person represented. Over £86 billion worth of Bank of England notes, totaling more than 4.7 billion, are currently in circulation.
Since 2016, the Bank of England has been introducing polymer banknotes with advanced security features like see-through windows and holograms to enhance counterfeit protection.
The current series of banknotes, labeled the “G” series, commenced with the £5 note in September 2016, followed by the £10 in September 2017, the £20 in February 2020, and the £50 note in June 2021.
Ms. Cleland emphasized the symbolic importance of banknotes as representations of national identity and opportunities for celebration. The public consultation on themes for the next series of banknotes will conclude on July 31.