NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now. The plastic version, which features
NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now.
The plastic version, which features British painter JMW Turner, is designed to be more durable than the paper design and less susceptible to fraud.
When do the old £20 notes expire?
Paper £20 notes can continue to be used as normal for now, as an end date for their use is yet to be announced.
The paper £20 note was first issued in 2007 and the Bank of England says there are over two billion in circulation.
Laid end to end, that would stretch around the world almost seven times and weigh a total of 1,780 tonnes – that’s over 141 double-decker buses.
The Bank of England says it will give six months’ notice ahead of the notes being withdrawn as legal tender.
But even after the old £20 notes have been withdrawn from circulation, many banks will still accept them as deposits from customers.
The Post Office may also accept withdrawn notes as a deposit into any bank account.
And you can always exchange withdrawn notes directly with the Bank of England.
When did the new £20 notes come out?
The new polymer notes were launched on February 20, 2020.
Polymer £20 notes are now available in cash machines and from banks, and will eventually replace the old paper £20, which features economist Adam Smith.
The notes are made from a plastic polymer like the new £5 and £10 denominations, which is said to be more durable, cleaner and secure than paper.
Who is on the new £20 notes?
Artist JMW Turner features on the new £20 notes, which are slightly smaller than the existing notes.
Joseph Mallord William Turner was born in April 1775 and is one of Britain’s most famous Romantic painters.
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