Shoppers who prefer using cash will not be able to spend paper £20 and £50 notes in six months time. This is because the Bank of England has said that the paper notes will become void.
The central bank has said the deadline to use paper notes is September 30, 2022. This is because they will be permanently replaced with the polymer versions that were released into circulation some years ago.
You will still be allowed to exchange their £20 and £50 notes after the September deadline, Birmingham Live reports. The Bank of England’s Chief Cashier Sarah John said : “We want to remind the public that from today they only have six months left to spend or deposit their paper £20 and £50 notes. Over the past few years we have been changing our banknotes from paper to polymer, because these designs are more difficult to counterfeit, whilst also being more durable.
