UK: Only 100 days left to use paper £20 and £50 notes, says Bank of England
 

Only 100 days left to use paper £20 and £50 notes, says Bank of England

https://www.theguardian.com/business...ank-of-england

People have just 100 days left to use the paper £20 and £50 banknotes remaining in circulation, the Bank of England has said.

The last day the notes will have legal tender status is 30 September.

The Bank is encouraging anyone who still has them to use them or deposit them at their bank or a post office before the end of September.

While the majority of paper £20 and £50 banknotes in circulation have been replaced with new polymer versions, there are still more than £6bn of paper £20 notes featuring economist Adam Smith, and more than £8bn of paper £50 banknotes featuring entrepreneur Matthew Boulton and engineer James Watt, in circulation.

That is more than 300m individual £20 banknotes, and 160m paper £50 banknotes.

I lost £200 in tens old papel bills :(

But banks will still honour the value, right?

Is thar just replacing with the new once