Friday 7 Aug, 2026

British paper banknotes are no longer valid

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The last day of September, this Friday, is the last day when you can use British paper banknotes with denominations of 20 or 50 pounds, writes Bank of England.

The paper banknotes are to be replaced with new banknotes made of the plastic material polymer.

Anyone who still has paper banknotes can exchange them for new banknotes until Friday. And that's what some people do. 

According to Bloomberg There were a total of £11 billion worth of banknotes in circulation at the end of last week.

Source: Aftonbladet.se

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