New fiver put BoE in difficult situation
- April 26, 2017
The Bank of England (BoE) is put in a difficult situation by its new 5 pounds banknotes, introduced into circulation in 2016. This banknote, on which is represented a portrait of Sir Winston CHURCHILL on the reverse, knew a beginning of rejection by the population for religious and non-religious reasons. Indeed, these banknotes contain animal greases. The vegans and certain religious leaders had thus required the replacement of animal grease by another substance, synthesis or vegetable.
BoE had thought of using palm oil. This time, the ecologists get upset because, according to them, the industrial production of palm oil endangers the tropical forests of south–west Asia.
BoE confirms the maintenance of this first banknote of its polymeric currency new range. But BoE will have to re–examine its work.
Source: Financial Times.