Daily Banking Industry News
Thursday 11th of March 2010

Banking Sectors:

By company:

By organisation:

New!

Also see:

March 8, 2010

Elgar £20 banknotes to be withdrawn

by Richard Kilner

Story link: Elgar £20 banknotes to be withdrawn

The Bank of England has announced that the £20 banknotes depicting composer Sir Edward Elgar are to be removed from circulation from 30 June.

The Elgar notes are presently being used alongside the new Adam Smith £20 note, and will remain legal tender up to and including 30 June.

After that date, the Elgar £20 note will not longer be considered legal tender and may be refused as a form of payment by retail outlets.

However, banks, building societies and Post Offices will continue to accept the Elgar £20 for months after 30 June, when used as a deposit or for other transactions.

Last year Governor Mervyn King announced that new £50 notes released in around a year’s time would feature businessman Matthew Boulton and engineer James Watt.

According to research from the Bank of England, Prince William is the nation’s favourite to be featured on money (as he will be when he ascends to the throne), with Prince Charles in fourth, behind his son, Stephen Fry, and Ant & Dec.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related stories to: Elgar £20 banknotes to be withdrawn

MP takes action on Scottish bank notes  ...

Public want Prince William banknotes  ...

Bank of England to release new £50 notes  ...

Savers withdraw more  ...

Clydesdale Bank’s new £20 notes enter circulation  ...

No Comments »

No comments yet.

Leave a comment


Previous: « RBS branch sale hit by funding gap
Next: Nomura Asset Management appoints CIO »

Visited 509 times, 15 so far today



Borrowing & Lending News