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This Article is From Dec 01, 2016

The Bank of England Knows How Many People Are Eating Its Cash

The Bank of England Knows How Many People Are Eating Its Cash

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(Bloomberg) -- Fury broke out amongst the vegetarian community in the U.K. yesterday when it emerged that the new polymer five-pound note contains traces of animal fat.

The discovery prompted an online petition for the Bank of England to make the new notes meat-free — it boasted more than 100,000  signatures at the time of writing. 

While in the grand scheme of things the outrage of the vegetably-inclined may seem something of a minor issue, there is serious data showing the scale of the risks the new fivers pose to the meat-averse.

Since 2003 nearly £1.5 million ($1.87 million) of U.K. cash has been destroyed by being chewed or eaten, the bank's own figures show. Worryingly, as the chart below suggests, this is a problem that has being getting getting worse in recent years.

With the central bank planning to make all of the U.K.'s currency polymer in the years ahead, the non-vegetarianness of the banknotes is an issue that clearly needs to be addressed

Or, people could just stop eating them.

To contact the author of this story: Lorcan Roche Kelly in Dublin at lrochekelly@bloomberg.net.

To contact the editor responsible for this story: Isobel Finkel at ifinkel1@bloomberg.net, Joe Weisenthal

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