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Britain's Big Waste of Money

Some quirky facts from the United Kingdom's central bank.

Bank of England banknote statistics:

Destruction of Bank of England banknotes by value:

(£ Millions)
£5£10£20£50Total
2003/045853,3034,6001168,604
2004/057682,1544,0311077,059
2005/064852,7985,2953038,881
2006/076743,0855,4683209,547
2007/089453,12110,52034414,930

Damaged or mutilated Bank of England note claims received for 2006 and 2007 respectively:

Reason for claims:No of claims: Value of claims:

2006: Torn/part note

21,755

£2,244,000

Chewed/eaten4,956£103,000
Washed3,274£87,000
Contaminated4,116£35,571,000
Fire/flood damage1,424£905,000
TOTAL35,525£38,910,000

2007:Torn/part note

19,788

£2,303,000

Chewed/eaten4,748£92,000
Washed2,826£73,000
Contaminated4,295£35,381,000
Fire/flood damage1,454£2,407,000
TOTAL33,111£40,256,000

Source: Bank of England

To get more interesting statistics, go to: http://www.bankofengland.co.uk/banknotes/about/stats.htm#8