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*British Consumers Have One Week To Spend £11 bn Of Paper Banknotes Before They're Phased Out* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?yy British consumers have just one week left to spend the last £11 billion ($12.4 billion) of paper banknotes that remain in circulation before the cash ceases to become legal tender. As of September 30, almost £6 billion of old £50 notes and more than £5 billion of the £20 ones will no longer be accepted by UK businesses, the Bank of England said Friday. That’s a total of more than 360 million notes. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- The Bank of England last year said it will be removing its paper £20 from circulation and gave users a six-month notice to alert them of the changes. A statement earlier published by Pindula News said users could still use the note, “for now.” Read the statement on the bank’s website: > Our polymer £20 was issued a year ago today. There are now over 1.5 billion polymer £20 notes in circulation. Don’t worry, you can still use the paper £20 for now and we will give at least 6 months’ notice before that changes. The new polymer £20 note featuring artist JMW Turner entered circulation for the first time in February 2020. The Bank of England claims that the polymer £20 is its most secure banknote yet. It includes two see-through windows and a two-colour foil which makes it very difficult to counterfeit. The note joined the Churchill £5 and the Austen £10 in the first series of polymer notes. A new polymer £50 featuring Alan Turing will be issued this year. *Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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