The new £20 note issued on UK-manufactured Guardian polymer substrate has been released into circulation by the Bank of England for the first time today.

The Bank of England recently released figures on replacing its new Guardian banknotes due to everyday wear and damage showing that less than 3% of £5, and 2% of £10 notes were replaced in 2019.

The Reserve Bank of Australia (RBA) recently released a report that showed its switch to polymer resulted in net savings of close to $1 billion over the past 25 years.