Asked by: Osmani Holtmannsbusiness and finance currencies
Are old 50 notes still valid?
Last Updated: 21st June, 2020
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Then, are 50 notes changing?
Our current £20 and £50 are printedon paper. Our next £20 note, to be issued in early 2020, willbe made from polymer. We announced in October 2018 that we aregoing to issue a polymer £50 note, which we expect toenter circulation by the end of 2021.
One may also ask, will banks take old notes? But old bank notes retain their value forall time, so while you can no longer spend them on the highstreet, you can return them to the Bank of England, or mostmajor banks if you're a customer, and get a new polymerbanknote in exchange.
Correspondingly, are old notes still legal tender?
The old cotton paper notes have nowexpired and are no longer accepted as legal tender –here's what that means, and all you need to know about thechangeover
Do shops accept 50 notes?
'In England and Wales, legal tender is Royal Mint coinsand Bank of England notes. In addition, shops are notobliged to accept legal tender. If you hand over a£50 note to pay for a banana in your local grocerystore, the staff are within their rights to choose not toaccept it.