Shop­pers given March dead­line to spend old £10 notes as Dar­win makes way for Austen

The Daily Telegraph - Business - - Business - By

So­phie Christie THE old pa­per £10 note fea­tur­ing Charles Dar­win will ex­pire shortly be­fore mid­night on March 1 2018, the Bank of Eng­land has an­nounced.

From that date on, only the new poly­mer £10 notes fea­tur­ing Jane Austen will be le­gal ten­der.

How­ever, the or­gan­i­sa­tion says that while the old notes will not be ac­cepted in shops and other busi­nesses from The old £10 note, fea­tur­ing Charles Dar­win, will cease to be le­gal ten­der next March March 1, it will still be pos­si­ble for Charles Dar­win notes to be ex­changed at the Bank of Eng­land.

This is a ser­vice that is free of charge and can be com­pleted either by post or in per­son.

The Bank adds that the pub­lic can con­tinue to use the old notes as nor­mal as most pa­per £10 notes will be au­to­mat­i­cally re­moved from cir­cu­la­tion.

As of Oct 3, 55pc of £10 notes in cir­cu­la­tion were poly­mer. 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.

The pa­per £5 note is no longer le­gal ten­der, and the old £10 note is now in the last few months of its life.

A new poly­mer £20 ban­knote will be is­sued in 2020, with a por­trait of JMW Turner on it.

The Bank has not con­firmed whether the £50 note, fea­tur­ing Watt, will be re­placed.

The plas­tic £10 note fea­tur­ing English novelist Austen at­tracted some crit­i­cism when it was re­leased in Septem­ber, be­cause the quote printed on the note is spo­ken by Miss Bin­g­ley in

in which she ex­claims: “I de­clare af­ter all there is no en­joy­ment like read­ing!” This caused con­tro­versy as it was not spo­ken by Austen, but by one of her most ob­nox­ious Boul­ton and char­ac­ters, a woman who does not ac­tu­ally like read­ing books at all.

The new £10 note is around 15pc smaller than the old one and is the first English ban­knote to be printed with a se­ries of raised dots in the top left-hand cor­ner, in or­der to help blind and par­tially sighted users.

The new £10 note is ex­pected to last at least 2.5 times longer than its pa­per pre­de­ces­sor – around five years in to­tal, the Bank of Eng­land said.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.