According to the official website of the Bank of England, Queen Elizabeth II of England was the first monarch to appear on the banknotes issued by the Bank of England. The front of the pound note is the portrait of Queen Elizabeth II of England, while the back is printed with people who have made outstanding contributions to British society and culture, and will be replaced from time to time.
Currently, the back of the 5 pound note is British Prime Minister Winston Churchill; the back of the 10 pound note is the famous 19th century novelist Jane Austen ; the back of the 20 pound plastic note is the famous painter William Turner ; the back of the 20 pound note is Adam Smith ; the back of the 50 pound plastic note is genius scientist hailed as the father of computer science and artificial intelligence Alan Turing , 50 pound note The back of the entrepreneur Matthew Bolton and engineer James Watt .
It is understood that the characters on the back of the pound banknote will be selected by the Banknote Character Advisory Committee and then invite the public to nominate the persons they believe are representative in this field. After the nomination phase, the Banknote Character Advisory Committee creates a list of characters and provides them to the Central Bank of officials and other relevant persons made final decisions. For example, in the new version of £50, the Banknote Character Advisory Committee received 227,299 nominations from the public. And finally chose Alan Turing.
However, with the launch of a new version of plastic banknotes, the pound banknote is about to withdraw from the stage of history. On March 29 this year, the Bank of England issued an announcement reminding the public to exchange the paper currency of 20 pounds and 50 pounds in their hands as soon as possible to get a new version of plastic currency. After September 30, 2022, stores and other businesses are not allowed to trade in paper pounds, but UK bank customers can still deposit banknotes into their accounts.
According to reports, the new version of plastic banknotes is made of polymer plastic, which is more durable and anti-fouling, has twice the service life of ordinary banknotes, and the anti-counterfeiting function has been further upgraded.
The Royal Mint, which is responsible for the manufacture and issuance of British coins, said in an interview with the media yesterday that it will make suggestions to the British Prime Minister to design new coins, and the new portrait of Charles will be printed on the new version of the currency and enter the circulation field. The final choice is decided by the Prime Minister and the King. At present, coins printed with the portrait of Elizabeth II may continue to be circulated and issued, and the replacement of new and old currencies will be a long process.
According to reports, royal tradition stipulates that the monarch's avatar that appears on coins should be opposite to the direction of the previous monarch, so the image of the king of the new version of the currency is expected to face the left.
html In July, the UK inflation reached 10.1%, the country with the highest inflation in the G7. The economic outlook is hard to say, and the risk of recession has increased. Compared to the changes in the avatar on the pound, ordinary British people may pay more attention to the depreciation of the pound, which directly affects their lives.This Tuesday, British Foreign Secretary Tras was officially appointed British Prime Minister. The next day, the pound exchange rate against the US dollar hit the lowest intraday low of 1.1407, continuing to hit a new low in 37 years. As of 14:27 on September 9, the exchange rate of the pound against the US dollar rebounded to 1.1594. The pound has depreciated by more than 14% against the US dollar this year.
It is worth noting that the depreciation of the pound against the US dollar is much greater than the depreciation of the RMB against the US dollar, and the exchange rate of the pound against the RMB has also depreciated significantly since this year. On September 9, the mid-price of the exchange rate of interbank foreign exchange market RMB against pound pound was 7.9936 yuan for pound pound pound pound 7.9936 yuan. Compared with the end of last year, the exchange rate of pound pound versus renminbi has depreciated by 7.12%.
Market insiders believe that Tras's new British Prime Minister is likely to not change the current situation of the UK's economic downturn and high inflation. As the Federal Reserve continues to raise interest rates, the weakness of the pound against the US dollar will be difficult to change in the short term.
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text/Beijing Youth Daily reporter Cheng Jie
edited by Fan Hongwei
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