when are the old 20 pound notes obsolete?
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On 20 February 2020 we issued a new polymer £20 note. You will still be able to use the paper £20 note until we withdraw it from circulation. We will announce the withdrawal date after we have issued our new polymer £20 note. We will give six months' notice of this withdrawal date.
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While the paper £5 and £10 notes are no longer legal tender, they will always be accepted by the Bank of England. People can take or post any old notes to the bank in Threadneedle Street, in the City of London, to be exchanged for a new-style polymer one.
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The new polymer £20 banknote, featuring artist JMW Turner, has been released by the Bank of England. The new note will ultimately replace the paper £20 note, which features the noted economist Adam Smith. ... However, both notes will be used in tandem for a period of time before the old version is withdrawn.
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Bank of Ireland 20 Pounds banknote (Queen's University) They are part of the current Bank of Ireland banknotes series. The Bank of Ireland started issuing these 20 Northern Irish Pound banknotes in 2005. They are currently still in circulation.
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On 20 February 2020 we issued a new polymer £20 note. You will still be able to use the paper £20 note until we withdraw it from circulation.
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“We have set a deadline for using paper £5 and £10 notes as September 30. The Northern Ireland note issuing banks will continue to accept old paper based notes and there are currently no plans to change this.” ... First Trust banknotes remain legal currency until June 20 2020.
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The new cupro-nickel coin was introduced on 21 April 1983 and the one pound note ceased to be legal tender on 11 March 1988. ... The Bank of England will exchange old £1 notes for their face value in perpetuity.
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After 2020, all notes in circulation in the UK will be made from plastic apart from the £50. According to the Bank Of England, the new polymer £50 should be in circulation by the end of 2021. Scientist Alan Turing, best known for his work devising code-breaking machines during World War II, will feature on the note.
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Edinburgh-based Mrs Jack said the trend away from £1 notes reflects that of many lower denominations – demand for which is “starting to drop away” as “value falls and inflation rises”. “Absolutely yes we still issue the £1 notes, they are still legal currency. We have 17.7 million in circulation today,” she said.
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Yes. The old Euro banknotes from the First Series remain legal tender. They have the same value as the equivalent banknotes of the Second Series of Euro banknotes.
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In September 2015 the Bank of England announced that the next £20 note will be printed on polymer, rather than cotton paper. This was followed by an announcement in April 2016 that Adam Smith will be replaced by artist J. M. W. Turner on the next £20 note, which entered circulation on 20 February 2020.
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The old £10 note went out of circulation officially at 11.59pm on March 1, 2018. However, old notes can still be exchanged at the Bank now that this point has passed. Although the new tenners came in last year until the deadline the paper money continued to be legal tender so could be spent freely.
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The new plastic £20 notes will come into circulation on February 20 (TODAY) and will eventually replace the current paper £20 notes we use. They will be made from a plastic polymer like the new £5 and £10 denominations, which is said to be more durable, cleaner and secure than paper.
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The new plastic £20 note, featuring artist JMW Turner, has entered circulation today. The polymer notes replace the old paper twenties, which have been in circulation since 2007 and feature economist Adam Smith – though you'll still be able to use the paper £20 notes in the months to come.
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What to do with old pound coins. Unlike bank notes, UK coins are produced by the Royal Mint, who take no responsibility for coins that are no longer in circulation. However, most banks have said that they will accept old pound coins indefinitely, though you will need to be a customer of that particular bank.
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Yes, you can still use the old £20 notes as they are accepted as legal tender. Bank of England are yet to confirm when the old £20 notes expire, although their website states they will give six months' notice of its withdrawal.
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Old £1 coins can still be deposited While the old pound coin ceased to be legal tender on 15 October 2017, the coins can still be deposited into customer's bank accounts, and will be accepted at most high street banks, according to the Royal Mint.