Check pockets and purses for paper £20 and £50 notes as there are millions of them still around

Time to check down the back of your sofas for any soon-to-be-discontinued paper £20 and £50 notes as the latest figures from the Bank of England show there’s £17.6 billion-worth still floating around. 

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Check pockets and purses for paper £20 and £50 notes as there are millions of them still around

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Comments

  • JES_F1
    JES_F1 Posts: 761 Forumite
    Part of the Furniture 500 Posts Photogenic Debt-free and Proud!
    edited 25 March 2022 at 7:03PM
    Debt Jan 2008: £45,566. *** June 2013: DEBT FREE! ***
    Paid back just under £50,000 due to some interest added.

    Dealt with my debt through a Step Change
    (CCCS) DMP.
    DMP Mutual Support Thread Member #240.
  • eDicky
    eDicky Posts: 6,835 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    edited 26 March 2022 at 9:25AM
    I'm always wondering what gives the Bank of England the right to inconvenience the British public in this way, by completely withdrawing the use of all banknotes of the previous issue on a certain date, and what is the purpose of it..?
    All other countries in general (as far as I know), including Scotland and Northern Ireland with their issues of sterling notes, do not put such a time limit on the usage validity of previous issue banknotes when a new one comes into use. They just retire them from circulation over time when gradually received by banks.
    Evolution, not revolution
  • Another misleading headline. Not made clear until well into the article that this applies only to non plastic notes.
    At first look it infers that £20 and £50 notes in their entirety are to be discontinued.
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