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The Bank of England, which is now the central bank of the United Kingdom, British Crown Dependencies and British Overseas Territories, has issued banknotes since 1694. In 1921 the Bank of England gained a legal monopoly on the issue of banknotes in England and Wales, a process that started with the Bank Charter Act 1844, when the ability of other banks to issue notes was restricted.
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The pound sterling banknotes in current circulation consist of Series G Bank of England notes in denominations of £5, £10, £20 and £50. The obverse of these banknotes issued through 4 June 2024 feature the portrait of Elizabeth II originally introduced in 1990.
The Bank of England £50 note is a sterling banknote circulated in the United Kingdom. It is the highest denomination of banknote currently issued for public circulation by the Bank of England . [ note 1 ] The current note, the second of this denomination to be printed in polymer, entered circulation on 5 June 2024. [ 1 ]
The current Ilay series of banknotes was first issued in 1987, although it did not originally include the £50 note. [4] The £50 note was added to the Ilay series in 2005, and these notes were the first £50 notes issued by the bank since 1727. [5] These banknotes feature a portrait of Lord Ilay, first governor of the bank, on the front. Lord ...
The £50 note is currently the second largest denomination of banknote issued by the Bank of Ireland. [3] The £50 note of the Queen's University Belfast Series was first issued in 2004. This issue features a representation of Hibernia on the front, alongside shields of arms of the six counties of Northern Ireland.