£19bn in old UK banknotes and coins not cashed in
The round £1 coin was replaced by the 12-sided version in October 2017, to crack down on counterfeiting.According to the Royal Mint, a company wholly owned by the UK Treasury, about 138 million round £1 coins were melted down to make some of the new ones at its base in Llantrisant in Rhondda Cynon Taf.
Old notes can also be taken there in person but the the bank warns of "long queues and waiting times up to an hour". If you have a UK bank account, the Bank of England said the simplest and quickest way to exchange paper £20 and £50 notes "will normally be to deposit them with your bank".
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK set to be hotter than Ibiza this weekend as Brits prepare for mini-heatwaveBritain is set for a mini-heatwave this weekend as temperatures soar to as high as 17C in some parts of the country.
Read more »
‘One in 18 Londoners have Covid’ as UK records 90,349 daily casesAround 1 in 18 Londoners are estimated to have Covid, according to new figures, as the UK reported a further 90,349 cases on Friday
Read more »
Billionaires bank on UK establishment to burnish Chelsea bids\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Read more »