British Monetary Officials Announce Changes

Dec 18, 2013
Originally published on December 19, 2013 10:09 am



And changes may be brewing when it comes to another old tradition in Europe: the British pound. Our last word in business is: new currency.


The Bank of England will begin circulating plastic money in 2016, polymer versions of the paper bank notes Britons have used for more than three centuries.

GREENE: Bank officials say the currency should last longer and be harder to counterfeit.

WERTHEIMER: But while they might hold up better in a wash cycle, the plastic does start to melt at 120 degrees.

GREENE: I don't think Britain ever gets that hot, but I am guessing people will now have to double check their pants pockets before loading up the dryer.

That's the business news here on MORNING EDITION, from NPR News. I'm David Greene.

WERTHEIMER: And I'm Linda Wertheimer. Transcript provided by NPR, Copyright NPR.