Anorak | Banks Won’t Gimme Fivers

Banks Won’t Gimme Fivers

by | 21st, June 2007

ATM machines can be a pain, particularly when they won’t let you have any money.

Almost as frustrating is their habit of only discharging £20 notes. The fiver has become rather elusive. But the Bank of England is keen to keep the humble fiver alive.

Bank of England governor Mervyn King is concerned by UK banks’ penchant for only stocking larger bills. Says he: “The problem is not at the production end we have an ample supply of new £5 notes waiting to be used. There is a need for an adequate supply of low denomination notes that can be used for small transactions.”

Over the past 15 years the value of £5 notes

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Posted: 21st, June 2007 | In: Money Comments (3) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink