Re:Alan Turing to be the face of new £50 note
by stordoff on Sunday September 01, 2019 @05:18PM
(#20854974)
> You might be living in a bubble, fifty quid is much less than $100 and I see those notes all the time.
In 30 years, I don't think I've _ever_ seen a fifty pound note in person.
The Treasury noted in October 2018 that they rarely used for routine transactions[1]. You can see this difference in the value of notes in circulation. In the US, the vast majority (80.3%) of currency in circulation is in the form of $100 bills[2]. In the UK, there is double the value in circulation in £20s compared to £50s[3]. £50s only make up 24.6% of the value of notes in circulation.
In 30 years, I don't think I've _ever_ seen a fifty pound note in person.
The Treasury noted in October 2018 that they rarely used for routine transactions[1]. You can see this difference in the value of notes in circulation. In the US, the vast majority (80.3%) of currency in circulation is in the form of $100 bills[2]. In the UK, there is double the value in circulation in £20s compared to £50s[3]. £50s only make up 24.6% of the value of notes in circulation.
[1] https://www.bbc.co.uk/news/uk-45850135
[2] https://www.federalreserve.gov/paymentsystems/coin_currcircv...
[3] https://www.bankofengland.co.uk/statistics/banknote