Tuesday, 20 March 2007

Foreign money

Last week, the Bank of England launched a new £20 note. A picture of the economist Adam Smith replaces the composer Edward Elgar. Apart from the fact that hardly anyone who isn't an economist has heard of Adam Smith, he was a Scotsman. Obviously the peopel at the Bank of England would have a lot fo respect for eminent economists, but why would a Scotsman appear on an English note, when teh Scottish banks issue their own notes? Smith has already appeared on £50 notes from the Clydesdale Bank (owned by the NAB).

Perhaps more relevantly, when will the Bank of England catch up with the times and issue proper polymer notes?

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