facebook
twitter
rss
account
search
search
 

Economist in, composer out on British bill

March 13, 2007 at 6:23 PM   |   Comments

LONDON, March 13 (UPI) -- The visage of long-ago economist Adam Smith graces the 20-pound British note issued Tuesday -- the first time a Scot has appeared on a Bank of England note.

Smith, who lived from 1723-1790, is counted among the fathers of modern economics. He wrote "The Wealth of Nations," which touted the virtue of free markets.

Smith, who had already appeared on Scottish 50-pound notes, succeeds English composer Edward Elgar on the British 20-pound bill. There are still 1.3 billion of the notes in circulation bearing Elgar's likeness.

The new version is printed with a brighter purple ink, as well as improved security that includes color tags that show up under ultraviolet light and a larger silver hologram.

"We do not have a serious counterfeiting problem in this country, but because it is the most common note it is the one that has proved most attractive to counterfeiters," said Andrew Bailey, the Bank of England's chief cashier.

© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Merkel urges Putin to withdraw Russian troops from Ukraine Merkel urges Putin to withdraw Russian troops from Ukraine
2
Lindsey Graham fears ISIS will come kill us all, in a not at all hysterical way Lindsey Graham fears ISIS will come kill us all, in a not at all hysterical way
3
Rush Limbaugh: Women actually are consenting when they say 'no' Rush Limbaugh: Women actually are consenting when they say 'no'
4
American man detained by South Korean marines American man detained by South Korean marines
5
Venezuela's Socialist Party unveils new prayer 'Our Chavez who art in heaven' Venezuela's Socialist Party unveils new prayer 'Our Chavez who art in heaven'
Trending News
Video
x
Feedback