Pounds sterling will be plastic. Plastic banknotes are resistant to wear and they are harder to forge. The transition to plastic is scheduled in 2015.
The UK is planning in 2015 to move from paper to plastic bills, which are considered more durable, in addition, are waterproof and harder to forge. Among other advantages of the polymer banknotes is their hygiene: such money accumulate less bacteria. In addition, they are more difficult to tear or crease, making it easier to work with vending machines.
The data of the banknote are also more environmentally friendly because they need fewer than paper money, and they can be recycled. However, the cost of production of polymer money is significantly higher than the traditional one. The additional costs required to reprogram the ATMs and other vending machines.
Press Secretary of the Bank of England said that while the final decision is made, however, the regulator is considering various options.
It should be noted that the plastic banknote was first introduced in Australia in 1988 for the fight against counterfeit money, were quite successful practice. Plastic money is also used in Canada, New Zealand, Romania, Papua New Guinea, Mexico and Vietnam.