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Lord Marlesford
asked Her Majesty's Government:How many £50, £20, £10 and £5 notes, respectively, are currently in circulation, to what face value the £50 note would have to be adjusted to have the same purchasing power as when it was first introduced; whether they will make such an adjustment, and if not, why not. [HL3228]
Lord McIntosh of Haringey
The number of each denomination of banknote in circulation as at the end of February 1998 was:
| £ | |
| 5 | 206,911,326 |
| 10 | 595,982,214 |
| 20 | 531,028,262 |
| 50 (Series E) | 72,717,662 |
* But see Written Answer, Official Report, 21/10/98, col WA 178.
The Bank of England has no plans to issue notes of alternative denominations to those currently in circulation.