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MercoPress, en Español

Montevideo, April 25th 2024 - 07:45 UTC

Tag: £ 50 pound

  • Monday, October 15th 2018 - 08:00 UTC

    The £50 note will survive in a plastic redesign, announced the Bank of England

    “There is also a perception among some that £50 notes are used for money laundering, hidden economy activity, and tax evasion,” the Treasury said

    The £50 note will not be scrapped and will instead get a plastic redesign, the Bank of England has said. Fears that the largest denomination was widely used by criminals and rarely for ordinary purchases had prompted a proposal to abolish it. But ministers said the new version, to be printed in the UK, would be more durable, secure and harder to forge.