Edward Elgar is to be rubbed out and replaced by Adam Smith.
New notes are on the way, and you can be sure that the counterfeiters are already preparing to find out design, specifications and any new security devices ... or perhaps not if the quality of the dud I had in my hands in recent days is anything to go by.
One thing that is certain is that at least some of our operators when at last they are presented with the first of the new notes will cry out for assistance and present the note as some kind of mystery and possibly forgery. You'd think we didn't go to the trouble of:
(a) briefing new operators in the days running up to the launch of the new note.
(b) put a copy of the new design on each till
(c) put a copy of the new design by the clocking in machine
(d) put a copy of the new design on the notice board in the staff room
(e) harbour faint hopes that our operators are sufficiently engaged by the world about them to take on board the copious press coverage that no doubt will accompany the launch.
Time will pass and the darlings will become familiar with the new note (that is to say stop accusing everyone presenting one of attempting to pass off a forgery.)
The real difficulty will come when the old notes are withdrawn from circulation. The time will come when the old notes are no longer totally legal tender; businesses will no longer be obliged to accept them - though banks will.
For months and months and months and even years we'll get the old ones coming through the tills, unless they notes are radically different - bright yellow perhaps? We won't be able to pass them back, we'll have to extract each one and bank it separately.
And it won't stop the bloody forgers for longer than a nanosecond.