BOE Will Keep Polymer Bank Notes After Animal-Fat Controversy
- New plastic fiver to stay in circulation after review
- Presence of animal fat in new polymer notes criticized
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The Bank of England said it won’t pull its new plastic banknotes from circulation following controversy over the use of animal fat in their production.
The central bank will keep the polymer five-pound ($6.22) note and will issue the new ten-pound bill as planned in September, it said in a statement Wednesday. The BOE said it gave “careful consideration” to the matter but also had to weigh its responsibility to maintaining the supply of high quality and secure banknotes.