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Bank of England confirms switch to polymer banknotes; Innovia will build polymer production plant

7:33 AM MST | December 18, 2013 | Ian Young

The Bank of England announced today that its next £5 and £10 banknotes will be printed on a thin, flexible plastic film rather than on the cotton paper used for notes currently in issue. The first polymer £5 note will be issued in 2016 and a polymer £10 note will enter circulation about one year later, the bank says. The bank expects to enter a contract with Innovia Security, an Innovia Group (Wigton, UK) subsidiary, to supply the polymer material for the new-style £5 and £10 notes. Biaxially oriented polypropylene (BOPP) is...

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