£20 notes. If you use the £20 or £50 cash notes to purchase items, then be warned: in a year, the legal tender status will be withdrawn and you will no longer be able to use them.
The paper twenty was replaced with a brand new polymer JMW Turner one, while the £50 - made from the same material - features Alan Turing, reports Birmingham Live.
There are approximately £9 billion worth of paper £20 and £15 billion worth of paper £50 notes still in circulation. The Bank of England are set to withdraw the legal tender status of the paper £20 and £50 notes after September 30 2022.
After September 30 2022, people with a UK bank account will still be able to deposit the paper notes into their account.The Bank of England will continue to exchange all.
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