New £50 note enters circulation – will it be the last one?
The Bank of England’s new polymer £50 note has entered circulation, marking the 109th anniversary of the birth of it subject – pioneering computer scientist Alan Turing.
Despite there currently being 357 million £50 notes in circulation, the new launch comes as the use of high-denomination notes, and cash itself, suffer a significant decline.
The Guardian reported – with consumers increasingly going cashless, for millions of people it may be months or even years before they see or touch one. Even before the pandemic, many people only rarely encountered a £50 note, and the coronavirus crisis has triggered a slump in the use of cash which could end up being permanent.
The release of the new £50 marks the completion of the UK’s switch to polymer notes, as well as the first open depiction of a LGBTQ+ figure on a banknote.
During his lifetime, Turing created the breakthrough machine that helped win the Second World War, but was persecuted by the government for his homosexuality, and chemically castrated, before taking his own life in 1954.
But, with a £50 note the going rate for two testicles and winning WW2, what price then the future of cash in the UK?
Happy New year to you and hopefully you will be lucky enough to come across your some new £50 notes. while our machines do not take these notes they take all the other polymer notes and also the old paper notes as they are still legal tender until October this year. If you are looking for pool tables, jukeboxes or digital fruit machines for your pub or social club please contact us to chat over.