when is the new 20 pound note released?
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The new £20 note. We first issued our polymer £20 note on 20 February 2020. It features the artist JMW Turner.
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THE new polymer £20 note enters into circulation today - Thursday, February 20.
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Exchanging old notes You will still be able to use the paper £20 note until we withdraw it from circulation. We will announce the withdrawal date after we have issued our new polymer £20 note. We will give six months' notice of this withdrawal date. Many banks will accept withdrawn notes as deposits from customers.
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The old ten pound notes ceased to be legal tender on 1 March 2018. You can learn more about withdrawn banknotes here.
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On 20 February 2020 we issued a new polymer £20 note. You will still be able to use the paper £20 note until we withdraw it from circulation. ... The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And, you can always exchange withdrawn notes with us.
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The British decimal twenty pence (20p) coin – often pronounced "twenty pee" – is a unit of currency equal to 20/100 (or 1/5) of a pound sterling.
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But the Bank of England has confirmed that not all the early £20 notes are being reserved and some of the rarest AA notes will be released into circulation. AA notes are the most valuable, but anything with an A in it could be worth more than the value of the note itself.
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The note is printed on polymer, which is a thin and flexible plastic material. On the front of the note, you can feel raised print. For example, on the words 'Bank of England' and in the bottom right corner, over the smaller window.
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The new £20 notes retain Sir Walter Scott and The Mound in Edinburgh, as well as the Forth Bridge. The Bank of Scotland has unveiled the design of its new polymer £20 note which will enter circulation early in 2020.
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Read more on Bank of Ireland's polymer banknotes . Ulster Bank, Danske Bank and Bank of Ireland paper £5 and £10 banknotes were withdrawn from circulation on 30 September 2019. Banks will continue to exchange the old paper based notes. First Trust banknotes will cease to be legal currency from midnight on 30 June 2022.
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From 9am on April 30, polymer £20 were available to be withdrawn from cash machines. However, the Bank of England currently hasn't said when the old £20 notes expire. This means that old, paper £20 notes will be used alongside the new ones for the time being.
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Re: older £20 and £50 notes still valid? All Bank of England banknotes retain their value for all time, irrespective of when they were withdrawn from circulation. As per the links above, you don't have to visit the BoE in person to exchange them... you can also do it by post, including from overseas.
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Exchanging old notes On 20 February 2020 we issued a new polymer £20 note. You will still be able to use the paper £20 note until we withdraw it from circulation.
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A number of new polymer £20 notes are coming to Scotland February 2020 saw the launch of the brand new polymer £20 note in England and Wales, featuring a self portrait of renowned British landscape artist, William Turner.
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The Bank of England is yet to set a date for when the old £20 notes will no longer be valid, meaning you can still use them freely for now. It has said it will give people six months' notice to use the notes once it makes the announcement.
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Yes, you can still use the old £20 notes as they are accepted as legal tender. Bank of England are yet to confirm when the old £20 notes expire, although their website states they will give six months' notice of its withdrawal. The Bank of England website states: 'On 20 February 2020 we issued a new polymer £20 note.
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The paper £20 notes were first introduced in 2007, and feature the economist Adam Smith, the Scottish economist and philosopher who is also known as 'The Father of Economics” and ”The Father of Capitalism”. The Bank of England says there are around two billion of the notes currently in circulation.