Bank of England warns 460 million bank notes will no longer be valid soon
Daily Mirror says BRITS ARE BEING URGED to check money pots and savings tins at home as there are just 100 days left to either spend or cash in paper £20 and £50 notes.
The old money has been replaced with longer lasting plastic cash but the Bank of England estimates there are more than £6 billion worth of paper £20 notes still tucked away in wallets, piggy banks and even old trouser pockets.
And it reckons there are a mind-boggling £8 billion worth of old £50 notes in circulation.
It is a year since the Bank first issued the polymer £50 banknote featuring Bletchley Park codebreaker and scientist Alan Turing to complete the revamp of £5, £10, £20 and £50 notes.
FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:
Facebook – Please like our page
Twitter – Twitter updates available in English and Arabic. Please follow us and we would love to hear from you
Instagram – Follow our pages in English and Arabic