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]
The number of each denomination of banknote in circulation as at the end of February 1998 was:
|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.