Quote:
Have a look in your wallet: any £20 notes with the image of Edward Elgar on them will not be legal tender after June 30 this year.
This means that shops no longer have to accept the notes, and it is up to banks whether they agree to swap notes after this date.
From July 1 only notes with the image of Adam Smith, the Scottish economist, will be legal tender. These notes first came into circulation in March 2007.
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so if banks can simply refuse to exchange them how much money do you think collectivly could be lost on a banks whim ?
surely banks shoudl be force to exchange them shoudl you find yourself in possesion of a discontinued £20 note ,i found about eight £1 notes many years after they were discontinued and teh bank took them no problem so whats changed ?
it just seems to me a very good way for the bank of england or whatever to keep hold of a few quid by making some poor sods money worthless and unredeemable unless they actualy send them to teh bank of england its self
there are many ways you can find yourself with discontinued notes after teh date of change passes and not to redeem them with as little fuss as possible is unnaceptable in my opinion
also who teh hell is Edward Elgar the only person i know from any given note by sight is the queen i couldnt say just by looking who teh others are lol