Bank of England considers replacing paper money with plastic bank notes
A sample the proposed new British banknotes made of a polymer, with ten pound notes arranged for a photograph during a news conference at the Bank of England in London, Tuesday, Sept. 10, 2013. (AP / Chris Ratcliffe)
Published Tuesday, September 10, 2013 1:54PM EDT
LONDON -- Britain is pondering plastic pounds.
The Bank of England is considering replacing paper money with polymer bank notes which are billed as cleaner, stronger and more secure.
The bank said Tuesday it will hold a public consultation, bringing samples of plastic money to shopping centres so that members of the public can feel the difference.
Polymer bank notes -- made from transparent plastic film coated with layers of ink -- are used by countries such as Australia, Mexico and Canada.
Proponents say they are longer-lasting and harder to forge than paper notes. But critics say the bills are slippery, stick together and do not fold as easily as paper.
A British decision is due by December. If the plan is approved, plastic 5-pound notes could be in circulation by 2016.