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Apr 30, 2024 · As they are returned to the Bank of England, these are being replaced with the new polymer £20 notes featuring J.M.W. Turner, and polymer £50 notes featuring Alan Turing. After 30 September 2022, the new polymer notes will be the only ones with legal tender status.
Apr 30, 2024 · News release. The Bank of England will be withdrawing legal tender status of paper £20 and £50 banknotes after 30 September 2022. After this date, paper £20 and £50 banknotes will no longer be legal tender.
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Apr 30, 2024 · After 30 September 2022, these paper notes will no longer be legal tender, so we encourage people to spend them or deposit them at their bank ahead of this date. The polymer £50 note contains advanced security features, completing our most secure set of Bank of England polymer banknotes yet.
May 7, 2024 · By Kalpana Fitzpatrick. last updated 7 May 2024. Old £20 and £50 paper notes stopped being legal tender in the UK on 30 September 2022. This means you can’t use them in shops or as payment...
- Kalpana Fitzpatrick
May 13, 2024 · Over the decades coins and banknotes in the UK have changed in their design several times, meaning there are some still floating about that are no longer legal tender. Whether they're behind the...
1 day ago · Millions of pounds' worth of sterling banknotes in circulation are not legal tender, but that does not mean that they are illegal or of lesser value; their status is of "legal currency" (that is to say that their issue is approved by the British parliament) and they are backed up by Bank of England securities.
Apr 29, 2024 · Definition of Legal Tender. Legal tender is currency that must be accepted if offered in payment of a debt. The term is typically associated with national fiat currencies issued by a country’s central bank or treasury. Legal tender laws specify the media of payment that can settle debts or other financial obligations, including taxes, private ...
