Bank Of England Phasing Out The Old £20 Note ⋆ Pindula News

The Bank of England has said it will be removing its paper £20 from circulation, therefore, users will be given a six-month notice to alert them of the changes.

In a statement on its website, the Bank of England said users can still use the note, for now. Read the statement:

Our polymer £20 was issued a year ago today. There are now over 1.5 billion polymer £20 notes in circulation. Don’t worry, you can still use the paper £20 for now and we will give at least 6 months’ notice before that changes.

The new polymer £20 note featuring artist JMW Turner entered circulation for the first time in February 2020.

The Bank of England claims that the polymer £20 is its most secure banknote yet. It includes two see-through windows and a two colour foil which make it very difficult to counterfeit.

The note joined the Churchill £5 and the Austen £10 in the first series of polymer notes. A new polymer £50 featuring Alan Turing will be issued this year.

More: Bank of England

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Bank Of England Phasing Out The Old £20 Note

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