People race to exchange paper banknotes before deadline

Consumers are racing to exchange their old paper banknotes for new plastic versions, just over a fortnight before they cease to be legal tender at the end of September.

by | 15 Sep, 2022

The Bank of England has warned people to expect long queues at its headquarters at Threadneedle Street in the City of London as they try to swap paper £20 and £50 notes.

It has reassured customers that there is no deadline for exchanging the notes. However the fact that they will no longer be accepted in shops or by businesses has led to a rush to exchange them.

Read more at The Guardian

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