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When do the old £20 notes expire and what to do with them?

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There’s a new note in town (Picture: Getty)

The new polymer £20 notes, which went into circulation in February, have replaced the old paper notes, leading many to question when the old currency will expire.

The new notes, which were released on 20 February, have been hailed as ‘the most secure banknote yet’ by the Bank of England, thanks to their plastic material.

According to their website, the material allows for ‘enhanced security features, such as the see-through windows and holograms.’

So, when do the old notes expire?

Can you still use old £20 notes?

Yes, you can still use the old £20 notes as they are accepted as legal tender.

Bank of England are yet to confirm when the old £20 notes expire, although their website states they will give six months’ notice of its withdrawal.

The Bank of England website states: ‘On 20 February 2020 we issued a new polymer £20 note.

Paper notes are so 2019 (Picture: Getty)

‘You will still be able to use the paper £20 note until we withdraw it from circulation. We will announce the withdrawal date after we have issued our new polymer £20 note.

‘We will give six months’ notice of this withdrawal date.’

Who is on the new £20 note?

The new £20 banknote features Romantic painter, JMW Turner.

Born in 1775 to a barber and wig maker, he is often dubbed one of the great masters of painting.

He first exhibited at the Royal Academy in 1790 aged just 15 and over his lifetime produced more than 550 oil paintings, 2,000 watercolours and 30,000 sketches and drawings.

The polymer will replace the paper £20 note which features economist Adam Smith.

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