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The new polymer £5 note will not be withdrawn from circulation or replaced, despite concerns that it contains traces of animal fat, the Bank of England says.
The Bank said it had concluded it would be “appropriate” to keep the £5 polymer note in circulation. Later this year, it will also issue a £10 polymer note.
Vegans and some religious groups had complained because the note contains a traes of tallow, which is derived from meat products. A petition to ban the note attracted more than 100,000 signatures.
The Bank said it treated “the concerns raised by members of the public with the utmost seriousness”.
Dominika Piasecka, spokesperson for The Vegan Society, said: “While it is unfortunate that the new £10 note will contain tallow, The Vegan Society is pleased that the Bank of England has been transparent in their response to this important issue, and has taken the beliefs of the public into consideration.”