Here's how long you have left to spend your old £10 notes

Lloyd Doyle
Ноября 14, 2017

If you still have any old £10 notes, make sure you spend them before 1 March next year.

Retailers, banks and other institutions can refuse to accept the old-style notes beyond the deadline, although it will still be possible for shoppers to exchange them for the new £10 note featuring Jane Austen at the Bank of England.

The old £10 notes have been in circulation since November 2000, but lost out to the new ones on grounds of security as well as durability.

The Bank of England said 55% of £10 notes in circulation were the new plastic notes as of 3 October and that there were still 359 million of the old tenners in circulation.

Its days have been numbered since the new polymer tenner, depicting author Jane Austen, entered circulation in September.

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The old £10 note will expire next year.

It will stop being legal tender then, but you will still be able to exchange them at the bank, after the cut-off date.

The transition to polymer has sparked controversy after the Bank confirmed that an "extremely small amount" of tallow, or animal fat, was used to produce polymer pellets, which were part of the production process for creating the notes.

It is also the first British banknote with so-called tactile information, which helps blind and partially sighted people assess its value.

Old pound coins can no longer be spent, but can be donated to charity or deposited into customer bank accounts.

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