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I have just heard some dire news. As of 30th June this year Banks and Shops could refuse to accept or exchange the old style £20 notes with the image of Sir Edward Elgar as legal tender.
Instead, the only legal tender of 20 sterling notes, with the image of Adam Smith on, will only be acceptable.
I for one am sad to hear this news. As they slowly make our currency more and more similair to the Euros 'so it will not be much difference if we were to change'.
This is just a warning, though I would prefer to revert back to the old style notes as I hate these new looking ones.
So if you are late, the Bank of England themselves will still change them for you at face value.
I ask everyone to seriously consider this, and if you agree that the Euro is wrong, remember this. As all over European countries should revert back to their individual currencies.
Instead, the only legal tender of 20 sterling notes, with the image of Adam Smith on, will only be acceptable.
I for one am sad to hear this news. As they slowly make our currency more and more similair to the Euros 'so it will not be much difference if we were to change'.
This is just a warning, though I would prefer to revert back to the old style notes as I hate these new looking ones.
QUOTE said:About ten per cent of all £20 notes in circulation equating to 150 million notes, worth £3 billion are the old versions featuring the English composer. They were first introduced in June 1999 along with a view of the west face of Worcester Cathedral, replacing the previous series of notes featuring Michael Faraday, the physicist, and before that William Shakespeare.
Old notes will eventually be sent to one of the official Government incinerators, where they will burned alongside damaged notes. A small amount of thermoelectric power is generated by these sites, which also burn illegal tobacco seized by HM Revenue and Customs at British ports.
After June 1 if a bank or building society refuses to swap a note, consumers have the right to swap the notes at the Bank of England itself. The Bank promises that it will honour the face value of any note issued, even notes from before World War II.
So if you are late, the Bank of England themselves will still change them for you at face value.
I ask everyone to seriously consider this, and if you agree that the Euro is wrong, remember this. As all over European countries should revert back to their individual currencies.