Post by play on Dec 25, 2012 17:04:02 GMT
The Bank of England has made contingency plans for a changeover to plastic bank notes, Sky News has confirmed.
Tender documents for a new contract to print money have included a clause allowing for the polymer-based currency.
A source has told Sky News the printing proviso is to "future proof" the bank's supply of money.
A number of countries already use plastic money, which can be more durable than traditional cotton-based paper notes.
The bank confirms a proviso is included in a new bank note printing contract to replace paper with polymer-based cash.
Tender documents for a new contract to print money have included a clause allowing for the polymer-based currency.
A source has told Sky News the printing proviso is to "future proof" the bank's supply of money.
A number of countries already use plastic money, which can be more durable than traditional cotton-based paper notes.
The bank confirms a proviso is included in a new bank note printing contract to replace paper with polymer-based cash.
