Cut-off date set to spend old £10 notes

Andrew Cummings
November 15, 2017

However, old notes can still be spent ahead of the cut-off date, or exchanged at the Bank once this point has passed.

Britain's old £10 note will cease to be legal tender from the beginning of March next year, the Bank of England said in a statement on Tuesday.

They have been in circulation since 7 November 2000 and feature a portrait of Charles Darwin.

Around 55 per cent of the £10 notes now in circulation are the newer version pictured above, while the remaining 359 million are made of paper.

The new plastic £10 note became legal tender on September 14 and it estimated that about 55% of tenners in circulation are the new polymer version.

After the March deadline, the old notes will only be able to be exchanged at the Bank of England.

Now both the old paper £10 note featuring Charles Darwin and the polymer note are in circulation.

It is also the first British banknote with so-called tactile information, which helps blind and partially sighted people assess its value.

After that, only the new polymer £10 will be legal for use.

The new £20, to be introduced in 2020, will used palm oil - a decision that has also been criticised because it is an ingredient which has been controversial for its contribution to deforestation.

As well as its strength and anti-counterfeit properties, the new note is also believed to last two-and-a-half times longer than paper notes, meaning they are more environmentally friendly.

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