THE £50 note will remain part of UK currency after a “new, more secure” version of the highest-value note was announced.
It will be printed on a thin, flexible plastic polymer, the Bank of England said yesterday.
The last crop of fifties was introduced in 2011 and its future was uncertain after concerns were raised about it being used for money laundering and tax evasion.
But the Treasury said the next batch will scupper criminals by being much harder to forge.
Robert Jenrick, exchequer secretary to the Treasury, said: “People should have as much choice as possible when it comes to their money and we’re making sure that cash is here to stay.
“Our money needs to be secure and this new note will help prevent crime.”
There are currently 330 million £50 notes in circulation, with a combined value of £16.5bn.
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