Use paper £20 and £50 notes by October 1 before shops reject them, Bank of England says

6 months ago 13

Shoppers successful 'race against time' to usage up £19billion worthy of insubstantial £20 and £50 notes by October 1 earlier shops commencement rejecting them

  • Shoppers person until October to walk their aged insubstantial £20 and £50 
  • After that, the notes volition request to beryllium exchanged for caller integrative versions 
  • There are thought to beryllium up to 775 cardinal notes inactive successful circulation

By Chay Quinn For MailOnline

Published: 11:35 GMT, 25 March 2022 | Updated: 13:16 GMT, 25 March 2022

Shoppers are successful a contention against clip to walk £19bn of insubstantial £20 and £50 notes - due to the fact that shops volition halt accepting them successful six months.

The insubstantial bills person been swapped for integrative replacements implicit the past 2 years to amended security.

But determination are inactive up to £19bn of aged £20 and £50 banknotes successful circulation successful Britain - adding up to 775 cardinal abstracted notes.

A stack of the aged £20 notes that shoppers are being encouraged to swap for the caller integrative version

The aged £5 and £10 insubstantial notes person already been discontinued 

The insubstantial bills person been swapped for integrative replacements implicit the past 2 years to amended security

The Bank of England, pictured, said the insubstantial notes clasp their look worth for each clip contempt the changes

That fig is down from £24bn successful circulation reported successful September past year.

The £50 enactment featured a graphic of Alan Turing, the cryptographer astatine Bletchley Park who was credited with breaking...

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