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Cut-off date set to spend old £10 notes

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Written by: Paloma Kubiak
14/11/2017
Anyone with an old paper £10 note will need to spend the cash by the end of 1 March, the Bank of England has confirmed.

The new plastic £10 note featuring author Jane Austen entered circulation on 14 September. Currently both the old paper £10 note featuring Charles Darwin and the polymer note are in circulation.

But the Bank of England (BoE) has confirmed it will withdraw legal tender status of the old Darwin note at 23.59pm on Thursday 1 March 2018, as it continues to remove these notes from circulation.

It added that these notes can still be exchanged at the Bank of England in London after this cut-off date.

As at 3 October 2017, 55% of £10 notes in circulation were made of polymer with an estimated 359 million paper £10 notes in circulation.

A new £20 note featuring artist J.M.W Turner will follow in 2020.

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