Yahoo Finance Alan Turing £50 banknote arrives at Post Office near where codebreaker worked
The new £50 banknote celebrating Alan Turing has arrived at a Post Office near where the Second World War hero carried out his codebreaking work at Bletchley Park.
The Bank of England banknote entered circulation on Wednesday.
Ahmed Butt, postmaster for Bletchley Post Office in Buckinghamshire, said: “Many of my customers feel more comfortable dealing in cash.”
It's here! Today we have issued the £50 note featuring computer scientist Alan Turing.
Find out more about the new note and its features: https://t.co/nbOlU9kgCU #TheNew50 pic.twitter.com/Ipw8nQGBwJ
— Bank of England (@bankofengland) June 23, 2021
The Post Office network maintains more than 11,500 branches. On average, over £2 billion of cash is withdrawn and deposited every month at them.
The Post Office recently launched a “save our cash” campaign.
Amanda Jones, retail and franchise network director at Post Office said: “We’re so pleased that Bletchley Post Office is one of the first places to have the new £50 note today.
“What happened less than a mile away at Bletchley Park helped end World War Two and Alan Turing played such a pivotal role as a codebreaker. It’s a fitting tribute that he’s the face of this new note.”
Research from ATM provider Cardtronics found that 43% of 18 to 24-year-olds often want to pay in cash, but are forced to use alternatives when shops will not accept it.
Marc Terry, international managing director for Cardtronics said: “Our latest research shows as many as three-quarters (74%) of UK consumers believe that all retailers should offer the option to pay in cash.”
