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Topic - Images of women on our banknotes

jkarran - on 24 Jun 2013
This is probably a really silly question but if two lots of artwork are produced for each issue of a note, why aren't they both released?

If there's a boom in fake 'Churchills' then they can be recalled and destroyed. While they're being replaced, the 'Davison' or 'Lovelace' or whoever it is can remain in circulation (or visa versa of course). It's not without precedent, there are already several different 5 note designs legally in circulation.

Ok, so at some point to further upgrade security both designs have to be withdrawn but if the plates for both the release and contingency design exist you still lose the development cost of both in that scenario at present.

jk
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