Sir Winston Churchill will feature on the new design of a banknote which will enter circulation in 2016, the Bank of England has announced.

The wartime leader's image is planned to feature on the reverse of the new £5 note, together with one of his most celebrated quotations.

Churchill was chosen owing to his place as "a hero of the entire free world", said Bank governor Sir Mervyn King.

"Our banknotes acknowledge the life and work of great Britons. Sir Winston Churchill was a truly great British leader, orator and writer," Sir Mervyn said.

"Above that, he remains a hero of the entire free world. His energy, courage, eloquence, wit and public service are an inspiration to us all."

Current plans, which the Bank said might be reviewed, are for Churchill to appear on the new £5 note to be issued in 2016.

The image of Churchill has featured on currency before.

He was the first commoner to be shown on a British coin when he appeared on the 1965 crown, or five shilling piece.

To read the complete article, see:Sir Winston Churchill to feature on new banknote(www.bbc.co.uk/news/business-22306707)

Here's a video of Chris Salmon, Chief Cashier at the Bank of England, explaining the note's design.The Winston Churchill banknote explained(www.telegraph.co.uk/finance/currency/10020927/The-Winston-Churchill-banknote-explained.html)