This is an obvious step towards the effort to remove cash from the public and force them to use bank cards, mobile phones or the eventual chip in your hand.
The plastic notes cannot be checked for forgeries using the traditional scanner or marker pens.
Soon “they” will flood the market with forgeries and fakes to try and trigger the demand for a secure digital only society… So the banks always get their cut.
“They’ve” already conditioned the public to like the new plastic crap by releasing claims of certain numbered notes selling for fortunes on ebay. If you believe that – then you’ve been had.
Update: A cashier in a supermarket today told me about the wave of fake £5.00 notes they are seeing. Forgeries are technically perfect with holograms. This is obviously a sophisticated setup and not something any old Tom could do. I predict a flood of fake plastic notes coming to a store near you.
The “official” Hype and B.S from the BOE..
The New Fiver was issued on 13 September 2016. Full details of the design and security features are available along with free training materials for retailers and businesses. You can find out more about the new polymer £5 note at www.thenewfiver.co.uk
The £10 note will be issued in September 2017 and the £20 note by 2020. You can continue to spend paper £5 notes as usual until 5 May 2017. After this they will cease to be legal tender.
Polymer banknotes are cleaner, more secure, and more durable than paper banknotes. They will provide enhanced counterfeit resilience, and increase the quality of banknotes in circulation.