Asked by: Romen Balabudkinbusiness and finance currencies
Are paper 20 pounds still legal?
Last Updated: 25th April, 2020
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Beside this, can you still use old 20 pound notes?
Have a look in your wallet: any £20 noteswith the image of Edward Elgar on them will not be legaltender after June 30 this year. This means that shops no longerhave to accept the notes, and it is up to banks whether theyagree to swap notes after this date.
Likewise, are paper ten pound notes still legal tender? The Bank will exchange all old £10notes indefinitely. The Bank says people can also tryto exchange paper tenners at their local bank or postoffice. However they are not legally required to accept oldnotes after the deadline.
In this manner, are paper 5 pounds still legal?
The series G (polymer) note is the only £5note that is currently legal tender. The old paperseries E was withdrawn, following a co-circulation period with bothnotes being legal tender which ended on 5 May2017.
Can you exchange old banknotes?
Old banknotes retain their value for all time, sowhile you can't use them in shops, you can returnthem to the Bank of England or to most major banks and get a newpolymer banknote in exchange.