Who was Adam Smith, and does he deserve to be on our banknotes? ; The big question

From: The Independent - London | Date: October 31, 2006| Author: MARY DEJEVSKY | Copyright information

Why is Adam Smith in the news?

The Governor of the Bank of England, Mervyn King, has announced that a portrait of Adam Smith will feature on a redesigned [pound]20 banknote, to come into circulation next year. He is said to be the first Scot to be so honoured, although he is already on the [pound]50 note issued by the Bank of Scotland. He replaces the composer, Sir Edward Elgar, who has been the face of [pound]20 since 1999. The note will also show a picture of a pin-making factory an...

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