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Published 17:02 2 Jun 2016 BST
"Our banknotes are testaments to the outstanding achievements of the nation's greatest individuals. They are repositories of the United Kingdom's collective memory. "That contribution will continue with the new £5, which brings together the future, in the form of polymer and the most advanced security features yet, and Britain's glorious history, in the achievements of Sir Winston Leonard Spencer Churchill."Cheers to the BBC for this explainer video:
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