Bank of England governor Mark Carney has revealed the new England and Wales £20 note, which features famed artist JMW Turner.
Carney unveiled the note in the seaside resort of Margate in Kent, where Turner went to school and visited throughout his life.
He was joined at a contemporary art gallery by renowned artist Tracey Emin.
The new polymer note is far more secure than the existing example, which is Britain's most forged.
There are £2 billion Bank of England notes - which currently feature economist Adam Smith - in circulation, making it Britain's most common banknote.
Bank of England reveals new polymer 'most secure yet' £20 note featuring artist JMW Turner to replace Britain's most-forged banknote
Bank of England governor Mark Carney launched the new £20 in Margate
He was joined at a contemporary art gallery by renowned artist Tracey Emin
The new polymer bank note features 19th British century artist JMW Turner
More than 80 per cent of forged notes are copies of the existing £20
By Darren Boyle for MailOnline
10 October 2019
The Bank of England launched a new £20 pound banknote on Thursday featuring British painter J.M.W. Turner.
Famed for his depictions of coastal landscapes, Turner replaces 18th Century economist Adam Smith as the current face of the 20 pound note.
The new polymer note is far more secure than the existing example, which is Britain's most forged.
Bank of England Governor Mark Carney, left, pictured with Margate based artist Tracey Emin, right, launched the new £20 bank note today featuring the artist JMW Turner
The new polymer note is far more secure than the one featuring economist Adam Smith
In 2021, a new £50 note featuring pioneering computer scientist Alan Turing will be launched
BoE Governor Mark Carney said: 'Our banknotes celebrate the UK's heritage, salute its culture, and testify to the achivements of its most notable individuals.
'The new 20 pound note celebrates Turner, his art and his legacy in all their radiant, colourful, evocative glory.'
The BoE chose Turner, who died in 1851, from a shortlist of visual artists which included filmmaker Charlie Chaplin, sculptor Barbara Hepworth, painter William Hogarth and designer Josiah Wedgwood.
Mr Carney said: 'As the new Turner £20 testifies, money can be a work of art in everyone's pocket.'
The new note depicts Turner's celebrated painting the Fighting Temeraire - a tribute to the ship HMS Temeraire which played a role in Nelson's victory at the Battle of Trafalgar in 1805.
It was voted the nation's favourite painting in a 2005 poll run by BBC Radio 4.
Other features of the new banknote include the quote: 'Light is therefore colour', taken from an 1818 lecture by Turner referring to the 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, also appears on the new banknote.
The existing £20 note is the most common of the Bank's notes in circulation, and also the most forged, making up around 88 per cent of detected banknote forgeries in the first half of this year according to Bank of England statistics.
The Bank said the new note is 'the most secure Bank of England banknote yet'.
It incorporates two windows and a two-colour foil to thwart counterfeiters.
Like the polymer £10, the new £20 note will contain a tactile feature to help vision impaired people identify the denomination.
The new note will join the Sir Winston Churchill £5 and the Jane Austen £10.
A new £50 note, featuring Alan Turing, will follow in 2021.
People can carry on spending the current paper £20 notes, featuring the economist Adam Smith for now, and the Bank said that notice will be given six months ahead of legal tender status of the paper £20 being withdrawn.
The design of the new note was launched at Turner Contemporary in Margate.
Mr Carney said: 'Turner's legacy endures today through his influence on art for over two centuries, to the prize that bears his name to celebrate British contemporary art, to this magnificent gallery, the Turner Contemporary.
'Soon Turner's work will feature on another two billion works of art - the new £20 notes from the Bank of England.'
Mr Carney said: 'Turner's contribution to art extends well beyond his favourite stretch of shoreline.
'Turner's painting was transformative, his influence spanned lifetimes, and his legacy endures today.
'The new £20 note celebrates Turner, his art and his legacy in all their radiant, colourful, evocative glory.'
The new £20 note will be the first to feature the signature of Sarah John, the Bank's chief cashier.
She said: 'The new £20 is an important part of our commitment to providing banknotes that people can use with confidence.
'Our polymer notes are much harder to counterfeit and, with the £20 being our most common note, this marks a big step forward in our fight against counterfeiting.'
Other features of the new banknote include:
The Bank of England said the new note was the most secure design ever released
- A large see-through window with a blue and gold foil on the front depicting Margate lighthouse and Turner Contemporary. The foil is silver on the back. The shape of the large window is based on the shape of the fountains in Trafalgar Square.
- A smaller see-through window in the bottom corner of the note, inspired by Tintern Abbey.
- Turner's self-portrait, painted in around 1799 which is on display in Tate Britain.
- A metallic hologram which changes between the word 'Twenty' and 'Pounds' when the note is tilted.
- The Queen's portrait in the see-through window with '£20 Bank of England' printed twice around the edge.
- A silver foil patch with a 3D image of the coronation crown.
- A purple foil patch containing the letter 'T' and based on the staircase at the Tate Britain.
Further details about the new £20 note are available at www.thenew20.co.uk.
Federation of Small Businesses (FSB) national chairman Mike Cherry, said: 'As the most common note in circulation, small firms will be pleased to see the money they are working with is going to become safer and more secure.
'This will mean that small businesses can spend time and money on other issues away from fraud.'
Who was JMW Turner?
JMW Turner is regarded as one of the finest landscape painters of his generation
Joseph Mallord William Turner was born in Covent Garden, London in 1775 and studied at the Royal Academy.
He was renowned for touring during the summer creating sketches which he would develop in his studio over the winter months.
His work soon attracted considerable attention and was regarded as one of the best painters of his generation.
By 1800, he was able to afford his own central London gallery where he displayed watercolours completed from the sketches during his earlier tours.
He was renowned for his English landscapes although in 1817 he visited Holland and Belgium to wander the site of the Battle of Waterloo, which resulted in his 1818 masterpiece The Field of Waterloo.
He also travelled widely in France and Italy to find inspiration for new artworks.
His painting the Fighting Temeraire was inspired by a chance sighting of the vessel as it was being towed up the River Thames in 1839 by a steam tug where it was to be scrapped.
The HMS Temeraire was part of Nelson's fleet at the Battle of Trafalgar in 1805.
He died in 1851.
The Field of Waterloo
Source: Tate
https://www.dailymail.co.uk/news/article-7558009/Quite-picture-Bank-England-launches-Turner-inspired-banknote.html
Carney unveiled the note in the seaside resort of Margate in Kent, where Turner went to school and visited throughout his life.
He was joined at a contemporary art gallery by renowned artist Tracey Emin.
The new polymer note is far more secure than the existing example, which is Britain's most forged.
There are £2 billion Bank of England notes - which currently feature economist Adam Smith - in circulation, making it Britain's most common banknote.
Bank of England reveals new polymer 'most secure yet' £20 note featuring artist JMW Turner to replace Britain's most-forged banknote
Bank of England governor Mark Carney launched the new £20 in Margate
He was joined at a contemporary art gallery by renowned artist Tracey Emin
The new polymer bank note features 19th British century artist JMW Turner
More than 80 per cent of forged notes are copies of the existing £20
By Darren Boyle for MailOnline
10 October 2019
The Bank of England launched a new £20 pound banknote on Thursday featuring British painter J.M.W. Turner.
Famed for his depictions of coastal landscapes, Turner replaces 18th Century economist Adam Smith as the current face of the 20 pound note.
The new polymer note is far more secure than the existing example, which is Britain's most forged.
Bank of England Governor Mark Carney, left, pictured with Margate based artist Tracey Emin, right, launched the new £20 bank note today featuring the artist JMW Turner
The new polymer note is far more secure than the one featuring economist Adam Smith
In 2021, a new £50 note featuring pioneering computer scientist Alan Turing will be launched
BoE Governor Mark Carney said: 'Our banknotes celebrate the UK's heritage, salute its culture, and testify to the achivements of its most notable individuals.
'The new 20 pound note celebrates Turner, his art and his legacy in all their radiant, colourful, evocative glory.'
The BoE chose Turner, who died in 1851, from a shortlist of visual artists which included filmmaker Charlie Chaplin, sculptor Barbara Hepworth, painter William Hogarth and designer Josiah Wedgwood.
Mr Carney said: 'As the new Turner £20 testifies, money can be a work of art in everyone's pocket.'
The new note depicts Turner's celebrated painting the Fighting Temeraire - a tribute to the ship HMS Temeraire which played a role in Nelson's victory at the Battle of Trafalgar in 1805.
It was voted the nation's favourite painting in a 2005 poll run by BBC Radio 4.
Other features of the new banknote include the quote: 'Light is therefore colour', taken from an 1818 lecture by Turner referring to the 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, also appears on the new banknote.
The existing £20 note is the most common of the Bank's notes in circulation, and also the most forged, making up around 88 per cent of detected banknote forgeries in the first half of this year according to Bank of England statistics.
The Bank said the new note is 'the most secure Bank of England banknote yet'.
It incorporates two windows and a two-colour foil to thwart counterfeiters.
Like the polymer £10, the new £20 note will contain a tactile feature to help vision impaired people identify the denomination.
The new note will join the Sir Winston Churchill £5 and the Jane Austen £10.
A new £50 note, featuring Alan Turing, will follow in 2021.
People can carry on spending the current paper £20 notes, featuring the economist Adam Smith for now, and the Bank said that notice will be given six months ahead of legal tender status of the paper £20 being withdrawn.
The design of the new note was launched at Turner Contemporary in Margate.
Mr Carney said: 'Turner's legacy endures today through his influence on art for over two centuries, to the prize that bears his name to celebrate British contemporary art, to this magnificent gallery, the Turner Contemporary.
'Soon Turner's work will feature on another two billion works of art - the new £20 notes from the Bank of England.'
Mr Carney said: 'Turner's contribution to art extends well beyond his favourite stretch of shoreline.
'Turner's painting was transformative, his influence spanned lifetimes, and his legacy endures today.
'The new £20 note celebrates Turner, his art and his legacy in all their radiant, colourful, evocative glory.'
The new £20 note will be the first to feature the signature of Sarah John, the Bank's chief cashier.
She said: 'The new £20 is an important part of our commitment to providing banknotes that people can use with confidence.
'Our polymer notes are much harder to counterfeit and, with the £20 being our most common note, this marks a big step forward in our fight against counterfeiting.'
Other features of the new banknote include:
The Bank of England said the new note was the most secure design ever released
- A large see-through window with a blue and gold foil on the front depicting Margate lighthouse and Turner Contemporary. The foil is silver on the back. The shape of the large window is based on the shape of the fountains in Trafalgar Square.
- A smaller see-through window in the bottom corner of the note, inspired by Tintern Abbey.
- Turner's self-portrait, painted in around 1799 which is on display in Tate Britain.
- A metallic hologram which changes between the word 'Twenty' and 'Pounds' when the note is tilted.
- The Queen's portrait in the see-through window with '£20 Bank of England' printed twice around the edge.
- A silver foil patch with a 3D image of the coronation crown.
- A purple foil patch containing the letter 'T' and based on the staircase at the Tate Britain.
Further details about the new £20 note are available at www.thenew20.co.uk.
Federation of Small Businesses (FSB) national chairman Mike Cherry, said: 'As the most common note in circulation, small firms will be pleased to see the money they are working with is going to become safer and more secure.
'This will mean that small businesses can spend time and money on other issues away from fraud.'
Who was JMW Turner?
JMW Turner is regarded as one of the finest landscape painters of his generation
Joseph Mallord William Turner was born in Covent Garden, London in 1775 and studied at the Royal Academy.
He was renowned for touring during the summer creating sketches which he would develop in his studio over the winter months.
His work soon attracted considerable attention and was regarded as one of the best painters of his generation.
By 1800, he was able to afford his own central London gallery where he displayed watercolours completed from the sketches during his earlier tours.
He was renowned for his English landscapes although in 1817 he visited Holland and Belgium to wander the site of the Battle of Waterloo, which resulted in his 1818 masterpiece The Field of Waterloo.
He also travelled widely in France and Italy to find inspiration for new artworks.
His painting the Fighting Temeraire was inspired by a chance sighting of the vessel as it was being towed up the River Thames in 1839 by a steam tug where it was to be scrapped.
The HMS Temeraire was part of Nelson's fleet at the Battle of Trafalgar in 1805.
He died in 1851.
The Field of Waterloo
Source: Tate
https://www.dailymail.co.uk/news/article-7558009/Quite-picture-Bank-England-launches-Turner-inspired-banknote.html
