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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

People race to exchange paper banknotes before deadline

£20 note
Paper £20 notes are being withdrawn from circulation. Photograph: Bank of England

Consumers are racing to exchange their old paper banknotes for new plastic versions, just over a fortnight before they cease to be legal tender at the end of September.

The Bank of England has warned people to expect long queues at its headquarters at Threadneedle Street in the City of London as they try to swap paper £20 and £50 notes.

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