The £50 paper be aware was the final within the ‘family’ to get replaced with a polymer model

The Bank of England has revealed it’s seeing queues as holders of paper banknotes strive to exchange them at its counter within the City of London.

People and companies have till the top of the month to use the paper Bank of England £20 and £50 notes earlier than they will not be in circulation.

The final day they will have legal tender standing is Friday 30 September.

Those who nonetheless have them are requested to use them or deposit them at their bank or a Post Office forward of that day.

The Bank’s Threadneedle St counter is known to have been busy all summer time amid good climate and high volumes of vacationers wanting to get their outdated notes modified.

The majority of paper £20 and £50 banknotes in circulation have been changed with new polymer variations, that are much less susceptible to counterfeiters and extra sturdy.

It was in 2021 that the Bank first issued the polymer £50 be aware that includes Bletchley Park codebreaker and scientist Alan Turing, finishing its “family” of polymer notes – additionally together with the £5, £10 and £20 notes.

All of them will stay legal tender within the wake of the loss of life of the Queen although they’re anticipated to get replaced over time with new variations that includes imagery to replicate the brand new reign of King Charles III.

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