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First Plastic Banknotes Enter Circulation in England, Wales

The Bank of England introduced its first plastic banknotes on Tuesday, with a new five pound entering circulation in England and Wales featuring World War Two leader Winston Churchill. The new notes, which will trickle through to the country's cash machines and banks over the coming weeks, are made of polymer, a thin and flexible plastic, which is cleaner, less harmful to the environment and harder to forge than current cotton-based notes, according to the central bank. "The...

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