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11/04/2017
Bank Of England Paper £5 Note To Be Withdrawn From Circulation
Bank of England has announced that its paper five pound notes will be withdrawn from circulation on 05 May, 2017.
After this date the note will cease to be legal tender, however the Bank of England will continue to accept them, with no time limit applied. After this date it will be left to businesses to decide whether to continue accepting the notes.
After 05 May 2017 businesses in Northern Ireland will no longer have to accept the Bank of England paper notes, however, businesses should not continue to dispense the notes.
If businesses use cash handling machines, they are advised to contact the manufacturer to make any necessary adaptions. Businesses are also advised to train their staff about the withdrawal of the paper notes.
The Bank of England are also planning to replace paper £10 and £20 notes with polymer notes:
• the new £10 note will be issued in summer 2017 and feature Jane Austen
• the new £20 note will be issued by 2020 and feature JMW Turner
Three Scottish banks are also moving to polymer notes.
(MH/CD)
After this date the note will cease to be legal tender, however the Bank of England will continue to accept them, with no time limit applied. After this date it will be left to businesses to decide whether to continue accepting the notes.
After 05 May 2017 businesses in Northern Ireland will no longer have to accept the Bank of England paper notes, however, businesses should not continue to dispense the notes.
If businesses use cash handling machines, they are advised to contact the manufacturer to make any necessary adaptions. Businesses are also advised to train their staff about the withdrawal of the paper notes.
The Bank of England are also planning to replace paper £10 and £20 notes with polymer notes:
• the new £10 note will be issued in summer 2017 and feature Jane Austen
• the new £20 note will be issued by 2020 and feature JMW Turner
Three Scottish banks are also moving to polymer notes.
(MH/CD)
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
