Bank of Ireland £5 note remained effectively unchanged for 120 years. Northern Irish banknotes are fully backed such that holders have the same level of protection as those holding genuine Bank of England notes. The £5 note is currently the smallest denomination of banknote issued by the Bank of Ireland. The Queen's University Belfast Series was first issued in 2003. This issue features a representation of Hibernia on the front, alongside shields of arms of the six counties of Northern Ireland. The back of this note displays an image of Queen's University Belfast. In 2008 a new series featuring the image of the Old Bushmills
Bank of England note issues new Series D £20 note, predominantly in purple and featuring a statue of William Shakespeare and the balcony scene from "Romeo and Juliet" on its reverse, was introduced on 9 July. On 5 June 1991 this note was replaced by the first Series E £20 note, featuring the physicist Michael Faraday and the Royal Institution lectures. By 1999 this note had been extensively copied, and therefore it became the first denomination to be replaced on 22 June 1999 by a second Series E design, featuring a bolder denomination figure at the top left of the obverse side, and a reverse