The Bank of England has issued a fresh warning over £20 and £50 notes which are currently in circulation. An estimated 163 million £50 notes and some 314 million £20 notes are still in people's purses and wallets, but soon they will no longer be accepted as a form of payment.
The Bank of England said people have 100 days left to spend or deposit the notes, until they'll no longer be in use. This is because they're set to be replaced by tougher, plastic versions.
Paper £5 and £10 notes were replaced in the same way in 2016 and 2017 respectively. A polymer £50 note featuring the portrait of Alan Turing entered circulation on 23 June 2021, meaning now the Bank's entire collection of currently-printed banknotes is made of plastic. Read more:Martin Lewis issues energy warning over 'outrageous' early exit fees A spokeswoman explained that "all genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time".
People can also post old notes to the bank in Threadneedle Street, in the City of London, to be paid into a bank account, by cheque or, "if you live in the UK and your exchange is worth less than £50", swapped for new-style polymer ones.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.