Posts Tagged ‘note collection’

Ulster Bank has recently revealed plans to print an innovative, new design for vertical banknotes which will be entering circulation in Northern Ireland next year.

This turn of events breaks the mould for UK currency, with the Bank of England first issuing banknotes in 1694 to a landscape rather than portrait alignment.

Whilst the banks of Northern Ireland have traditionally issued their own money, only once before has a note like this ever been printed in the UK, during 1999 when The Northern Bank issued a vertical polymer note to mark the millennium.

It featured an illustration of the Space Shuttle on one side and stopped being issued in 2008 when they reverted to the standard landscape paper notes, however the note can still be used today. 

Northern Bank vertical polymer £5 note from 1999. Credit: polymernotes.com

Ulster Bank plans to follow in the steps of the Bank of England by replacing their current paper currency with polymer £5 and £10 notes.

However, this new design goes to the next level, not only updating the material but also changing the entire orientation of the note.

Northern Ireland’s new banknotes will be based on the theme “living in nature” with Strangford Lough in County Down and Brent Geese featuring on the £5 note and Lough Erne in County Fermanagh, the Irish hare and Guelder-rose shrubs featuring on the £10.

New vertical Northern Ireland Banknote to enter circulation next year. Credit BBC News

Switzerland’s first vertical banknotes entered circulation in 1995 and for the past two years have won the “Bank Note of the Year Award” as voted for by members of The International Bank Note Society (IBNS).

Earlier this year Canada introduced their first ever vertical banknotes, hoping to create more space for a bigger image and to set it apart from existing polymer bills. Their 10 dollar note is currently nominated for Banknote of the Year 2018.

Bermuda, Israel, Venezuela, Argentina and Cape Verde are among other countries to use vertical banknotes in their currency.

These banknotes may be easier to use at cash and vending machines and may make it clearer to see the notes in your wallet, but what are your thought on this change in design and would you like the Bank of England to follow suit? Let us know in the comments below!

Credit: theibns.org

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