The central bank said, warning that the two currencies with the old version, “will not be accepted” after next September 30, which means that the British have 100 days to use the 20 and 50 currencies of the old version.
The Bank of England said there were still 8.2 billion pounds of 50 pounds and 6.3 billion pounds of 20 pounds in circulation.
These banknotes are the last of their kind in Britain, where the central bank has begun printing banknotes on a plastic-like “polymer” that is more durable and has improved security features.
“Changing our notes from paper to polymer in recent years has been an important development, as it makes them more difficult to counterfeit and means they are more permanent,” said Sarah John, Senior Treasurer at the Bank of England.
She added, “The majority of paper banknotes have now been taken out of circulation, but a large number of them are still in the hands of citizens, so we ask you to check if you have any at home.”
After September 30, people will have to exchange banknotes out of paper in person at the Bank of England’s headquarters in London’s Threaddale Street or by mail.
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