They will co-circulate with those featuring Charles III. The current bank notes will continue to be legal tender and will only be removed from circulation when they become worn or damaged. New notes will only be printed to replace worn banknotes and to meet any overall increase in demand for banknotes.” The bank’s statement read “In line with guidance from the Royal Household to minimize the environmental and financial impact of the change of monarch, existing stocks of notes featuring HM Queen Elizabeth II will continue to be issued into circulation. The current notes with the queen’s portrait will not be demonetized. Besides that, they will be a continuation of the current polymer series, and no additional changes to the bank note designs will be made.
Charles III’s portrait will also appear in cameo in the see-through security window. Turner on the back, and the £50 note featuring Alan Turing on the back. The king’s portrait will appear on the face of the existing designs of all four polymer bank notes: the £5 note with a portrait of Winston Churchill on the back, the £10 note with Jane Austen on the back, the £20 note depicting J.M.W. They are expected to enter circulation by mid-2024. 27 that it will reveal images of updated bank notes featuring a portrait of King Charles III by the end of this year.
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The note will also feature a charter number and a six digit serial number. They will have the word national in the bank’s name. In most cases these 1929 national bank notes will be worth more. Do not confuse them with Federal Reserve Bank Notes. SNP Government criticised for leaving struggling disabled Scots empty handed due to new benefits fiascoīank of Scotland has said that customers can deposit their paper notes into their accounts as normal after the September 30 deadline whilst non-Bank of Scotland customers will be able to exchange the paper notes to polymer version up to a value of £250. 1929 National Bank Notes were issued by thousands of national banks.“These notes will continue to be honoured, however, if you have any of these notes, you should take these to your branch/bank for credit to your account.” Read More Related Articles
They said: “All the Scottish banks will begin to withdraw paper notes from circulation as the polymer notes are issued. That’s more than 300 million individual £20 banknotes, and 160 million paper £50 banknotes.īut the Scottish paper notes will continue to be accepted, according to the Committee of Scottish Bankers, as reported earlier this year in the Daily Record.
£50 polymer notes have been in circulation since last year (Image: PA)Īccording to the Bank of England's website, there is still over £6 billion worth of paper £20 featuring the economist Adam Smith, and over £8 billion worth of paper £50 banknotes featuring the engineers Boulton and Watt, in circulation.
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