Tuesday, 12 December, 2017

Paper tenners: When you have to use the old £10 notes by

Paper tenners: When you have to use the old £10 notes by Paper tenners: When you have to use the old £10 notes by
Nellie Chapman | 15 November, 2017, 01:40

Now, the Bank of England has confirmed that from March 1 2018, the old note will no longer be accepted as payment.

They are already being phased out due to the introduction of the new polymer notes, which feature 19th century author Jane Austen, in September.

The note also includes a quote from her famous work, Pride and Prejudice, which says: "I declare after all there is no enjoyment like reading". Approximately 359 million paper £10 notes are estimated to still be in circulation.

The new bank notes follows suit of the old style £5 which went out of circulation in May, and the old £1 coin which is no longer legal tender.

The new notes are the first to have a tactile feature that helps blind and partially sighted people.

The foil image over the see-through window is Winchester Cathedral, where Austen was buried in 1817.

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

Paper bank notes - £5, £10 and £20 - are slowly being replaced by plastic notes, which are more secure and harder to counterfeit, more resistant to dirt and more durable. Now both the old paper £10 note featuring Charles Darwin and the polymer note are in circulation.

However the introduction of the new material caused some controversy when it was revealed that the polymer used contained traces of animal fat - or fallow - and were unsuitable for vegetarians.