ibusinesslines.com
ibusinesslines.com November 20, 2017


The old £10 note will go out of circulation in March 2018

15 November 2017, 01:37 | Kelvin Horton

Chris J Ratcliffe-Pool Getty Images

Chris J Ratcliffe-Pool  Getty Images

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If you still have the old tenner past this date the Bank of England, in the City of London, will swap your out-of-date paper for a crisp, new plastic £10 note featuring author Jane Austin.

This means shops will no longer be able to accept the old notes after 1 March, but it doesn't mean they are worthless.

However, old notes can be exchanged at the Bank once this point has passed.

Around 55 per cent of the £10 notes now in circulation are the newer version pictured above, while the remaining 359 million are made of paper.


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.

"The note will also include a new tactile feature on the £10 to help the visually impaired, ensuring the nation's money is as inclusive as possible".

They are already being phased out due to the introduction of the new polymer notes, which feature 19th century author Jane Austen, in September.

However the introduction of the new material caused some controversy when it was revealed that the polymer used contained traces of animal fat - or fallow - and were unsuitable for vegetarians.

Old pound coins can no longer be spent, but can be donated to charity or deposited into customer bank accounts.



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