Victoria Cleland provides details on polymer banknotes

Victoria, first, can you tell us what you mean by polymer banknotes? So, polymer banknotes are used in over 20 different countries at the moment. Polymer is a material, what we call a “substrate”, that the notes are printed on and it starts life as a very thin film. Then that’s opacified by putting ink on it, usually a white ink, and it’s using that ink that we can create…

Digital currencies: how do they work and what makes them different? – Quarterly Bulletin article

Digital currencies: how do they work and what makes them different? – Quarterly Bulletin article

Rob, you’ve written an article on the emergence of digital currencies like Bitcoin, and the developments in payment technologies which underpin them. Now before coming on to discuss this further, could you talk us through an electronic payment with a traditional currency such as sterling. Well if we start by thinking about what money is, money in modern economies typically takes the form of banknotes and coins, and in the…