Meat Money is Staying in Circulation

By Gary Cutlack on at

The Bank of England is not yielding to pressure to remove the new polymer £5 note from circulation, with the note and its small quantities of animal fats to remain in circulation due to some serious sounding reasons.

To make matters worse for hardcore vegans and religious groups who are put off by the fiver's use of animal fat reduction tallow in its manufacturing processes, the same recipe will be used to create the forthcoming polymer tenner that's scheduled to arrive in England this September. So as if being vegan wasn't enough of a challenge, they'll now only be able to pay for things in coins, £20s and £50s.

The Bank of England has a vague excuse as to why it can't or won't reformulate the polymer notes, with a BofE spokesperson explaining: "Withdrawing £5 polymer banknotes and stopping production of £10 polymer banknotes would have significant implications for the Bank’s anti-counterfeiting strategy and threaten continuity of supply of banknotes to the public. It would carry environmental risks and impose significant financial costs on the Bank, and thereby the taxpayer, and on the cash industry."

So it would be expensive, which is a weird argument to be made by a department that is literally allowed to print money. [Guardian]


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