The printed lines and colours on the note are sharp, clear and free from smudges or blurred edges. Please refer to the documents listed below for more information. Issued on 14 September 2017 and features Jane Austen. The Bank will give six months’ notice before it withdraws the old notes. Check there is a bright '£20' at the top of the Queen's portrait. When you subscribe we will use the information you provide to send you these newsletters. We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. Press Spacebar or Enter to select. Under a good quality ultra-violet light, the number '20' appears in bright red and green on the front of the note, against a duller background. Our. Seven of the eight months since the new £20 note came out have been spent with coronavirus restrictions in place - but what does that mean if you still have unspent paper ones? We explain exactly how long you have left to use them, Get our daily coronavirus email newsletter with all the news you need to know direct to your inbox. This is visible with a magnifying glass. It replaced the cotton paper note featuring a portrait of … ‘The division of labour in pin manufacturing: (and the great increase in the quantity of work that results)' is from one of Smith's most famous books. We first issued our paper £20 note in 2007. When held up to the light, the thread appears as a continuous dark line. 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The Bank of England's head office in London's note exchange desk lets anyone with an out of date note swap it for a current one – meaning anyone with an old note can head there and swap their paper tenners. There are approximately 224 million £50 notes in … Old paper £20 notes are still legal tender, and there is currently no word on when exactly the Bank of England will discontinue them. This means the old paper and new polymer £20 notes will be in circulation at the same time. A bank note is a promissory note issued by the bank of England - and that promise does not expire when the design of the note changes. The Bank of England hasn’t yet set a date to withdraw legal tender status from paper £20 notes, as it did with the paper £5 and £10 notes. 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The horizontal serial number is multi-coloured and increases in height from left to right. Issued on 20 February 2020 and features JMW Turner. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. Old Euro banknotes remain valid and legal tender, with the exception of 500 euro notes. 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The value of the note is written in tiny letters and numbers below the Queen’s portrait. What can you do with old, paper, £20 notes? The Bank of England will pay up on that promise to either you directly, or to your bank after they change them for the new design. It … £20 note featuring the artist JMW Turner which will be issued for the first time in February 2020 ... notes. For more information on how these cookies work please see our Cookie policy. Adam Smith £10 and Boulton/Watt £20s are still valid. You can see bright red and green flecks on both the front and back of the note. Notes are colour coded by denomination - the $1 is red, the $5 is green, the $10 is grey, the $20 is purple, the $50 is olive green and the $100 is blue. In February 2020, the new plastic polymer £20 notes were issued by the Bank of England. You will still be able to use the paper £20 note until we withdraw it from circulation. We will announce the withdrawal date after we have issued our new polymer £20 note. Check the images change between a '£' symbol and the number '20'. Yes, you are still be able to use the paper £20 note until they are withdrawn them from circulation. You can feel raised print on the words ‘Bank of England’ and in the bottom right corner, around the number ‘20’. If you can't get to a bank in the issuing country, you can contact a third-party company that handles currency redemption. But the paper £20 note featuring economist Adam Smith will be slowly withdrawn with consumers given at least six months’ notice before it loses its legal tender status. As to why you simply cannot exchange new for old before the deadline, the Bank of England says: 'Agreeing to exchange notes is at the discretion of the individual institution.' Trinidad and Tobago's Currency Notes Luckily, there is no need to rush to the nearest shop, reports the Daily Star. 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The Bank of England says: "We will replace it with a new polymer £20 note on February 20, 2020. When the note is held up to the light, the thread appears as a continuous dark line. Exchanging old notes On 20 February 2020 we issued a new polymer £20 note. There are over two billion £20 notes in circulation – but don't worry, you can carry on spending your paper twenties as normal for the time being. Issued on 13 September 2016 and features Sir Winston Churchill. This note is approximately 149mm x 80mm. It’s likely to be some time in 2020, and the Bank of England will give six months’ notice of the date you’ll no longer be able to use them. However, both new and old notes will be able to be used interchangeably for a period of time before the old note is withdrawn. The Bank will exchange all old £10 notes indefinitely. Both 2014 and 2015 series of the polymer $50 note are golden in colour. A metallic thread appears as silver dashes on the back. The next lot of currency that’s due to be switched out for a modernised version is the £20 note, but this isn’t due to happen until 2020. The international copyright symbol is on the front and back of the note. It is made up of multi-coloured letters and numbers, which increase in height from left to right. But if all that means you've not quite got round to spending any old, paper, £20 notes - there is some good news. A new polymer £20 banknote is due to be issued in 2020 but Bank of England Governor Mark Carney said there were no plans to make a new £50 one, the last of which was issued in 2011. The Bank of England hasn’t confirmed if the £50 note will be replaced. The old paper £5 note has already been replaced, and a new polymer £20 banknote will be issued in 2020. Focus on these two key security features to help confirm that your notes are genuine: Tilt the note from side to side. UK weather forecast: Snow to hit Britain after -10C night - will it fall in your area? The position of foil patches can vary on notes. There are images of factory workers on the back of the note. There are alternating images of Adam Smith along the foil strip. 6 July 2020 Bank of Ireland UK has announced its new polymer £20 banknote will go into circulation from 20th July 2020. The vertical number runs down the left-hand side and the numbers and letters are the same height and colour. Shops stopped accepting old paper £10 notes a year ago and old paper £5 notes back in May 2017. But old bank notes retain their value for all time, so while you can no longer spend them on the high street, you can return them to the Bank of England, or most major banks if you're a customer, and get a new polymer banknote in exchange. The international copyright symbol is included on the front of the note, to the left of the foil strip and on the back, below the ‘Bank of England’ text. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. Adam Smith was an economist, philosopher and writer. The number '20' is embossed over the foil strip. ... A new £20 note will come out in 2020… On 27 February 2019 we introduced our polymer £10 bank note followed by our polymer £20 bank note on 20th July 2020. That phrase "I promise to pay the bearer on demand" is something that doesn't have a time limit on it, the Bank told Mirror Money. Drag the note or use the slider to find out about the features on the note. Issued on 2 November 2011 and features Matthew Boulton and James Watt. The higher the value of a note, the larger it is. Coloured shapes are printed on the front and back of the note, below the signature of the Chief Cashier. We use necessary cookies to make our site work (for example, to manage your session). Our bank notes. A metallic thread is embedded in the note and appears as silver dashes on the back. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. explains more about how we use your data, and your rights. And, you can always exchange withdrawn notes with us. That means - at the time of writing - you have until at least April 2021 to spend them in shops. Coloured shapes are printed on the front and back of the note, that combine to form a '£' symbol when held up to the light. With the expiry of the paper £5 and £10 notes, a string of banks and the Post Office gave people extra time to pay paper notes into their accounts - even when they stopped being legal tender. We exchange all Euro banknotes free of charge. Arctic freeze: Met Office issues five new warnings for snow with 6 inches expected after -10C night- will it fall in your area? If you use a magnifying glass, you will see the value of the note written in small letters and numbers below the Queen's portrait. While the Bank of England will honour withdrawn currency forever, high street bank branches don’t have the same responsibility. ‘The division of labour in pin manufacturing: (and the great increase in the quantity of work that results)' is a quote from one of Smith's most famous books: 'An inquiry into the nature and causes of the wealth of nations’. To the right of the Chief Cashier’s signature, the number '20' is embossed over the foil strip. It features the economist Adam Smith. On 20 February, the bank of England issued a new polymer £20 note which features a new image of the artist JMW Turner. The Bank of England has said that unspent, paper, £20 notes are still legal tender. Sometimes they’ll include recommendations for other related newsletters or services we offer. We will give six months’ notice of this withdrawal date. You can exchange old Bank of England £5, £10, £20 and £50 notes which have been withdrawn from circulation in person or by post. The Bank of England is yet to set a date for when the old £20 notes will no longer be valid, meaning you can still use them freely for now. "You will be able to use the current £20 note until we withdraw it … A new polymer £20 note featuring JM Turner will be issued in 2020 replacing the current paper notes. On the front of the note, you can feel raised print. Your own bank or the Post Office may exchange withdrawn Bank of England banknotes. The Bank of England said the new polymer £20 - featuring artists JMW Turner - is its most secure ever banknote. The Bank of England £20 note is a banknote of the pound sterling.It is the second-highest denomination of banknote issued by the Bank of England.The current polymer note, first issued on 20 February 2020, bears the image of Queen Elizabeth II on the obverse and the image of painter J. M. W. Turner on the reverse. Will exchange all old £10 notes indefinitely Winston Churchill of a note, you our. 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In 2002, and a new polymer £20 note featuring JM Turner will be able use. Featuring artists JMW Turner which will be in circulation Bank of England hasn ’ t confirmed if £50. Arctic freeze: Met Office issues five new warnings for Snow with 6 inches expected after -10C night- will fall! The back send you these newsletters and 2015 series of the note as a deposit any.