Issue Of New Gibraltar £5 Note

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Issue Of New Gibraltar £5 Note

Written by YGTV Team on 01 December 2021.

The Government has announced the issue of a new £5 Currency Note.

The new £5 note printed by De La Rue, has a green-beige colour scheme, with the image of Her Majesty Queen Elizabeth II on the front and the Windsor Bridge depicted on the reverse. The note is slightly smaller in size than the current £5 note and new security features have been incorporated.

These new £5 notes with the prefix letter B/AA will be issued as from the 1st December 2021.

DEMONETISATION OF CURRENCY NOTES

The Public is advised that the following currency notes are being withdrawn from circulation: £5 currency notes with the prefix letter A/AA.

These currency notes will continue to be accepted by banks until the end of January 2022. A notice of demonetisation has been issued to provide for these currency notes to cease to be legal tender after this date.

Demonetised notes will however continue to be accepted by the Ministry of Finance, Treasury Department, at 206/210 Main Street.

[Cheeky-Monkey]

From - The strongest currency in the world: Is it the US dollar?

According to the Bank of International Settlements, the US dollar is involved in almost 90 percent of foreign exchange and accounts for 85 percent of spot transactions, forward and swap markets.

However, perhaps surprisingly, the greenback is not the strongest of the 180-odd traditional fiat currencies recognised as legal tender worldwide.

The British pound is the fifth strongest currency in the world with 1 British pound buying $1.28 (or $1 equals 0.78 British pounds).

The Gibraltar pound is the joint fifth strongest currency in the world with 1 Gibraltar pound buying $1.28 (or $1 equals 0.78 Gibraltar pounds).

The Euro comes in at #8.