Connect with us

Hi, what are you looking for?

United Kingdom

Six months to spend £19 billion in old paper £50 and £20 notes before shops won’t accept them


More than £19 billion in old £20 and £50 banknotes are still in circulation – despite them becoming obsolete within six months.

The paper bills have been swapped over the last two years with plastic replacements.

However, an estimated 775 million old notes are still kicking around.


The deadline to use the notes is September 30th.

From then on, they will not be legal tender.

The £50 note features Alan Turing, the code breaker who cracked the German Enigma machine – helping the Allies win WWII.

And the £20 note shows J.M.W. Turner the English painter.

The Bank of England says it will continue to swap old notes for their face value.

It comes after £5 and £10 notes were replaced over four years ago.

Shoppers can post old notes to the Bank of England in London or deposit them at their local bank.

A Bank of England spokeswoman said:

“All genuine Bank of England banknotes that have been withdrawn from circulation retain their face value for all time.”



Latest Tweets


You May Also Like

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...


The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

The Tremeloes. Dave Munden centre Dave Munden the Tremeloes drummer – and often lead singer – with the 60s chart toppers has died. He...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...