1-888-998-3948


Monday, May 2, 2016

Bank of England Selects New 20 Pound Banknote

Bank of England Selects New 20 Pound Banknote
Source: www.bbc.com

 

The Bank of England announced on April 22 that they have selected J.M.W. (Joseph Mallord William) Turner as the new face to be featured on their upcoming 20 pound banknote. The new Turner banknote is scheduled to be released by 2020 and will be printed on polymer.

After a two month process of public nominations that took place from May to July in 2015, the bank chose J.M.W. Turner out of 29,701 nominations and 590 eligible characters. This time around they wanted to celebrate an artist on the note, according to BBC News.

Another update to keep in mind is a new 5 pound banknote that features Sir Winston Churchill will begin circulating in September 2016. Then a new 10 pound banknote featuring Jane Austen will enter circulation in 2017.

 

 

“I am delighted to announce that J.M.W. Turner has been chosen to appear on the next £20 note. Turner is perhaps the single most influential British artist of all time. His work was transformative for the art world. His influence spanned his lifetime and well beyond,” said Governor, Mark Carney.

Here is what to expect on the upcoming new banknote:

 

  • J.M.W. Turner’s self-portrait, painted c. 1799 and currently on display in the Tate Britain.
  • One of Turner’s most eminent paintings The Fighting Temeraire; a tribute to the ship HMS Temeraire which played a distinguished role in Nelson’s victory at the Battle of Trafalgar in 1805.
  • The quote - “Light is therefore colour” from an 1818 lecture by Turner referring to his innovative use of light, shade, colour and tone in his pictures.
  • Turner’s signature from his Will, the document with which he bequeathed many of his paintings to the nation. 

 

Still curious to learn more? Here’s how Bank of England’s team of experts selected J.M.W. Turner for the next 20 pound banknote. For more updates on the British Pound and other foreign currencies, join our platinum passport now so you can always be the first to know the most. 

 

 

About Currency Exchange International
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 90 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions, our services include the exchange of foreign currencies, international wire transfers, purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com

Disclaimer: All product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement.
Posted By Jacquelyn McMullen @ceifx at 05:00 PM
comments powered by Disqus

Platinum Passport

Travelers: Never miss a thing and be the first to know about CXI branch promotions, travel tips and hot trends.

Currency Insider

Corporations & Financial Institutions: Want to get ahead of the curve for the upcoming week? Get CXI's currency market trend analysis sent directly to your inbox weekly.