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profishingrods.com November 22, 2017


Bank of England reveals cut-off date for paper £10 notes

15 November 2017, 03:10 | Joann Bryant

Old £10 note to disappear next year

Bank of England reveals last day to use old £10 notes

In August, the Bank of England confessed that it would continue with the use of tallow in future banknotes, the spokesperson noted that Bank "has not taken this decision lightly".

The old £10 note must be spent by March next year after the Bank of England revealed the date for when it will cease to be legal tender.

An important notice from the Bank of England: despite the circulation only new polymer tenner since 1st March 2018, the old note can still be exchanged by the Bank after the cut-off date.

They have been in circulation since 7 November 2000 and feature a portrait of Charles Darwin.

The new plastic £10 note featuring author Jane Austen entered circulation on 14 September. As of October this year, 55% of the £10 notes in circulation were made from polymer, while 359 million were paper.




The note, which is slightly smaller than its paper predecessor, includes a series of raised dots in the top left-hand corner to help visually-impaired users to identify the denomination of the note.

The Bank of England says they are also an improvement on the previous version in terms of security and durability.

As well as its strength and anti-counterfeit properties, the new note is also believed to last two-and-a-half times longer than paper notes, meaning they are more environmentally friendly.

The old style £5 note went out of circulation in May, and the old round pound coin has now been replaced with the new 12-sided version.



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