YEREVAN, August 2. /ARKA /. Britain's next £20 note will be printed on plastic in a move designed to make the UK's currency more secure and durable, Reuters reported.

The new £20 design will be the third banknote to be printed on polymer, the Bank of England announced on Wednesday, following a 10-week public consultation that showed 87pc of respondents were in favour of the change. The new note is expected to enter circulation by the end of the decade.
The Bank announced in December 2013 that the next £5 and £10 banknotes would be printed on polymer.

The new polymer £5 note featuring former prime minister Sir Winston Churchill will be issued in autumn 2016. Victoria Cleland, the Bank's chief cashier, said that De La Rue, which is in charge of the contract, will start printing the new notes this month.

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Fitch Ratings announced Friday that it is cutting the U.K.’s credit rating from AAA to AA+, the second-highest level, because of its weak economic performance and high public debt

Categories: Economy @en, General news, News, News of the hour | Comments Off on Bloomberg: Fitch downgrades Britain. no one cares

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