who owns the gold in the bank of england
Bank of England The Bank is custodian to the official gold reserves of the United Kingdom and around 30 other countries. The vault, beneath the City of London, covers a floor space greater than that of the third-tallest building in the City, Tower 42, and needs keys that are three feet (91 cm) long to open.[58] As of April 2016, the Bank held around 400,000 bars, which is equivalent to 5,134 tonnes of gold.[59] These gold deposits were estimated in July 2017 to have a current market value of £142,000,000,000.[60] These estimates suggest the vault could hold as much as 3% of the gold mined throughout human history.[61]
Bank of England £5 note The Bank of England Â£5 note, also known as a fiver, is a banknote of the pound sterling. It is the smallest denomination of banknote issued by the Bank of England. In September 2016, a new polymer note was introduced, featuring the image of Queen Elizabeth II on the obverse and a portrait of Winston Churchill on the reverse. The old paper note, first issued in 2002 and bearing the image of prison reformer Elizabeth Fry on the reverse, was phased out and ceased to be legal tender after 5 May 2017.[1]