There is now just over a month left for you to use paper £20 and £50 notes.
The plastic £50 note showing Alan Turing completed the set of the plastic notes when it was issued on June 23, 2021 - what would have been Turing's 109th birthday. It meant that £5, £10, £20 and £50 notes were from then all printed on plastic rather than paper.
Since then, most paper notes have been removed from circulation, but the Bank of England said there are still billions worth of paper notes in circulation.
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The Bank of England has warned that paper £20 and £50 notes will no longer be legal tender after September 30, 2022. Up until then, you can spend these or deposit them at a bank or local post office.
The paper £20 note showed economist Adam Smith, and there is estimated to be over £6bn of them still in circulation. There is also thought to be over £8bn worth of paper £50 notes out there, showing engineers Boulton and Watt.
This adds up to 160 million paper £50 banknotes that need spending, and 300 million £20 notes printed on paper.
The Bank of England’s Chief Cashier Sarah John said: “Changing our banknotes from paper to polymer over recent years has been an important development, because it makes them more difficult to counterfeit, and means they are more durable.
"The majority of paper banknotes have now been taken out of circulation, but a significant number remain in the economy, so we’re asking you to check if you have any at home. These can still be used or deposited at your bank in the normal way.”
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