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The Bank of England, which is now the central bank of the United Kingdom, British Crown Dependencies and British Overseas Territories, has issued banknotes since 1694. In 1921 the Bank of England gained a legal monopoly on the issue of banknotes in England and Wales, a process that started with the Bank Charter Act 1844, when the ability of other banks to issue notes was restricted.
The pound sterling banknotes in current circulation consist of Series G Bank of England notes in denominations of £5, £10, £20 and £50. The obverse of these banknotes issued through 4 June 2024 feature the portrait of Elizabeth II originally introduced in 1990.
Main articles: Banknotes of the pound sterling and Bank of England note issues. Note: The description of banknotes given here relates to notes issued by the Bank of England. Three banks in Scotland and four banks in Northern Ireland also issue notes, in some or all of the denominations: £1, £5, £10, £20, £50, £100.
The Bank of England £1 note was a sterling banknote. After the ten shilling note was withdrawn in 1970, it became the smallest denomination note issued by the Bank of England . The one pound note was issued by the Bank of England for the first time in 1797 and continued to be printed until 1984.
The currency of the UK is the pound sterling, represented by the symbol £. The Bank of England is the central bank, responsible for issuing currency. Banks in Scotland and Northern Ireland retain the right to issue their own notes, subject to retaining enough Bank of England notes in reserve to cover the issue.
The Bank of England £5 note, also known as a fiver, is a sterling banknote.It is the smallest denomination of banknote currently issued by the Bank of England.On 5 June 2024 and 13 September 2016, a new polymer note was introduced, featuring the images of King Charles III and the late Queen Elizabeth II on the obverse and a portrait of Winston Churchill on the reverse.
B. File:Bank of England £1 obverse.jpg; File:Bank of England £1 reverse.jpg; File:Bank of England £5 obverse.jpg; File:Bank of England £5 reverse.jpg
The Bank of England £10 note, also known informally as a tenner, is a sterling banknote.It is the second-lowest denomination of banknote issued by the Bank of England.The current polymer notes, first issued on 5 June 2024, bears the images of King Charles III and the late Queen Elizabeth II first issued on 14 September 2017 on the obverse, and the image of author Jane Austen on the reverse.