Saturday, October 1, 2011

New Bank of England £50 Note

The Bank of England will introduce a new-style £50 banknote into circulation on 2 November 2011. The note will feature the 18th century business partnership of entrepreneur Matthew Boulton and engineer James Watt.

The Boulton and Watt £50 bank note is the first time that two portraits have appeared together on the back of a Bank of England bank note. It will also be the first bank note in circulation that is signed by Chris Salmon, who was appointed the Bank's Executive Director in April 2011.

The current £50 bank note, which features Sir John Houblon, the first Governor of the Bank of England, will circulate simultaneously with the Boulton and Watt note, but it will be withdrawn from circulation after an announcement in due course.

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