Artist JMW Turner to appear on British 20 pound note

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LONDON (AP) — Sorry, Adam Smith. The Bank of England has announced that the 18th-century economist is losing his place on a British banknote to artist J.M.W. Turner.

Bank governor Mark Carney announced the design for the new 20 pound (about $29) note on Friday, calling Turner "an incomparable genius."

One side of the note features a 1799 self-portrait of the artist and a quote: "Light is therefore color." The other features an image of Turner's famous naval painting "The Fighting Temeraire."

Born in 1775, Turner became known as "the painter of light" for his resplendent landscapes and seascapes. The Turner Prize and the Turner Contemporary gallery in the seaside town of Margate, where he once lived, are both named for him.

The new note will go into circulation by 2020.

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