{"id":66696,"date":"2022-09-25T17:14:41","date_gmt":"2022-09-25T15:14:41","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/british-consumers-have-one-week-to-spend-11-bn-of-paper-banknotes-before-theyre-phased-out"},"modified":"2022-09-25T19:33:55","modified_gmt":"2022-09-25T17:33:55","slug":"british-consumers-have-one-week-to-spend-11-bn-of-paper-banknotes-before-theyre-phased-out","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/british-consumers-have-one-week-to-spend-11-bn-of-paper-banknotes-before-theyre-phased-out","title":{"rendered":"British Consumers Have One Week To Spend \u00a311 bn Of Paper Banknotes Before They\u2019re Phased Out"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>British consumers have just one week left to spend the last \u00a311 billion ($12.4 billion) of paper banknotes that remain in circulation before the cash ceases to become legal tender.<\/p>\n

As of September 30, almost \u00a36 billion of old \u00a350 notes and more than \u00a35 billion of the \u00a320 ones will no longer be accepted by UK businesses, the Bank of England said Friday. That\u2019s a total of more than 360 million notes.<\/p>\n

The Bank of England last year said it will be removing its paper \u00a320 from circulation and gave users a six-month notice to alert them of the changes.<\/p>\n

A statement earlier published by Pindula News said users could still use the note, \u201cfor now.\u201d Read the statement on the bank\u2019s website:<\/p>\n

Our polymer \u00a320 was issued a year ago today. There are now over 1.5 billion polymer \u00a320 notes in circulation. Don\u2019t worry, you can still use the paper \u00a320 for now and we will give at least 6 months\u2019 notice before that changes.<\/p>\n

The new polymer \u00a320 note featuring artist JMW Turner entered circulation for the first time in February 2020.<\/p>\n

The Bank of England claims that the polymer \u00a320 is its most secure banknote yet. It includes two see-through windows and a two-colour foil which makes it very difficult to counterfeit.<\/p>\n

The note joined the Churchill \u00a35 and the Austen \u00a310 in the first series of polymer notes. A new polymer \u00a350 featuring Alan Turing will be issued this year.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. British consumers have just one week left to spend the last \u00a311 billion ($12.4 billion) of paper banknotes that remain in circulation before the cash ceases to become legal tender. As of September 30, almost \u00a36 billion of old \u00a350 notes and more than \u00a35 billion of the \u00a320 ones will no […]<\/p>\n","protected":false},"author":84,"featured_media":66695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[11974,1493,2189,19],"class_list":{"0":"post-66696","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-20-banknotes","12":"tag-africa-press","13":"tag-africa-press-zimbabwe-2","14":"tag-zimbabwe"},"yoast_head":"\nBritish Consumers Have One Week To Spend \u00a311 bn Of Paper Banknotes Before They\u2019re Phased Out - zimbabwe<\/title>\n<meta name=\"description\" content=\"British consumers have just one week left to spend the last \u00a311 billion ($12.4 billion) of paper banknotes that remain i ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/british-consumers-have-one-week-to-spend-11-bn-of-paper-banknotes-before-theyre-phased-out\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"British Consumers Have One Week To Spend \u00a311 bn Of Paper Banknotes Before They\u2019re Phased Out\" \/>\n<meta property=\"og:description\" content=\"British consumers have just one week left to spend the last \u00a311 billion ($12.4 billion) of paper banknotes that remain i ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/british-consumers-have-one-week-to-spend-11-bn-of-paper-banknotes-before-theyre-phased-out\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-25T15:14:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-25T17:33:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_24-633090ea33f12.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"588\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/british-consumers-have-one-week-to-spend-11-bn-of-paper-banknotes-before-theyre-phased-out\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/british-consumers-have-one-week-to-spend-11-bn-of-paper-banknotes-before-theyre-phased-out\",\"name\":\"British Consumers Have One Week To Spend \u00a311 bn Of Paper Banknotes Before They\u2019re Phased Out - 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