Disappearing £50 notes

The Bank of England is having concerns. It seems like the £50 notes are disappearing.

At the last count there were £6.5 billion of £50 notes in circulation. But the bank is having difficulty tracking them all down. Preliminary investigations suggest that they are being shipped overseas by migrant workers, mainly from eastern Europe, who are paid in cash.

But that’s not only the problem for Bank of England. The numbers of "soiled and scruffy" £5 notes are increasing to the amount that they are thinking about reviewing the possibility of introducing plastic £5 notes, which hopefully will be more durable.