Bank of Ireland, Ulster Bank and Danske bank has taken a huge step towards shifting to plastic banknotes by the circulation of their new polymer currency. The launching of 5 pounds and 10-pound notes by Ulster Bank and Bank of Ireland and the introduction of a new 10-pound polymer note by Danske Bank shows the prominence of polymer currency. Bank of Ireland has decided to launch a new polymer 20 pound next year.
The first trust has decided to stop printing its own notes from June 2022 and returning to Bank of England currency for its ATMs. According to Ian Sheppard of Bank of Ireland, only polymer notes will be issued from February 27. Customers are also informed to exchange their current paper notes with the new polymer notes by this summer.