Advance warning not to hang on to Bank of England notes in the next few years....
Oct 30th 2006, 1:13 am
#1
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Posts: n/a
Advance warning not to hang on to Bank of England notes in the next few years....
The Bank of England have just announced they're introducing a new series
of banknotes (Series F) starting next year with the �20 - so going by
their previous practice the existing notes will be removed from
circulation about 6 months later and will only be redeemable at the
Bank.
Presumably the different denominations will be introduced over a period
of a few years. Illustrations of the new �20 can be seen at
http://www.newscast.co.uk/ - put "Bank of England �20" in the search box
and go...
--
Arwel Parry
of banknotes (Series F) starting next year with the �20 - so going by
their previous practice the existing notes will be removed from
circulation about 6 months later and will only be redeemable at the
Bank.
Presumably the different denominations will be introduced over a period
of a few years. Illustrations of the new �20 can be seen at
http://www.newscast.co.uk/ - put "Bank of England �20" in the search box
and go...
--
Arwel Parry
Oct 30th 2006, 2:18 am
#2
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
Arwel Parry <[email protected]> wrote:
> The Bank of England have just announced they're introducing a new series
> of banknotes (Series F) starting next year with the �20 - so going by
> their previous practice the existing notes will be removed from
> circulation about 6 months later and will only be redeemable at the
> Bank.
I read about that. Damn. The �20 was very useful in some of the
workshops I did around the country. "See, if you work hard on your
music, maybe _you'll_ get your picture on a �20 note."
--
David Horne- http://www.davidhorne.net
usenet (at) davidhorne (dot) co (dot) uk
http://www.davidhorne.net/pictures.html http://soundjunction.org
> The Bank of England have just announced they're introducing a new series
> of banknotes (Series F) starting next year with the �20 - so going by
> their previous practice the existing notes will be removed from
> circulation about 6 months later and will only be redeemable at the
> Bank.
I read about that. Damn. The �20 was very useful in some of the
workshops I did around the country. "See, if you work hard on your
music, maybe _you'll_ get your picture on a �20 note."
--
David Horne- http://www.davidhorne.net
usenet (at) davidhorne (dot) co (dot) uk
http://www.davidhorne.net/pictures.html http://soundjunction.org
Oct 30th 2006, 6:57 am
#3
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
"Arwel Parry" <[email protected]> wrote in message
news:[email protected]...
> The Bank of England have just announced they're introducing a new series
> of banknotes (Series F) starting next year with the �20 - so going by
> their previous practice the existing notes will be removed from
> circulation about 6 months later
Really! Someone asked yesterday on uf what the period was
and someone else posted a link which explained.
For past withdrawels the minimum period of overlap was 17
months and the maximum 30.
>and will only be redeemable at the Bank.
The system in the UK is that normal Banks cease to take
them at the same time as shops do. Of course the odd few
slip through.
tim
news:[email protected]...
> The Bank of England have just announced they're introducing a new series
> of banknotes (Series F) starting next year with the �20 - so going by
> their previous practice the existing notes will be removed from
> circulation about 6 months later
Really! Someone asked yesterday on uf what the period was
and someone else posted a link which explained.
For past withdrawels the minimum period of overlap was 17
months and the maximum 30.
>and will only be redeemable at the Bank.
The system in the UK is that normal Banks cease to take
them at the same time as shops do. Of course the odd few
slip through.
tim
Oct 30th 2006, 9:24 am
#4
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
"tim(yet another new home)" <[email protected]> wrote in message
news:[email protected]...
...
> The system in the UK is that normal Banks cease to take
> them at the same time as shops do.
Most High Street banks will exchange out of date notes for current ones for
a long time after that. I exchanged a Michael Faraday �20 note (withdrawn
2001) only a few weeks ago. However, unlike the Bank of England, they are
not bound to do so.
Colin Bignell
news:[email protected]...
...
> The system in the UK is that normal Banks cease to take
> them at the same time as shops do.
Most High Street banks will exchange out of date notes for current ones for
a long time after that. I exchanged a Michael Faraday �20 note (withdrawn
2001) only a few weeks ago. However, unlike the Bank of England, they are
not bound to do so.
Colin Bignell
Oct 30th 2006, 9:26 am
#5
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
In message <[email protected]>, "tim(yet another new home)"
<[email protected]> writes
>"Arwel Parry" <[email protected]> wrote in message
>news:[email protected]...
>> The Bank of England have just announced they're introducing a new series
>> of banknotes (Series F) starting next year with the �20 - so going by
>> their previous practice the existing notes will be removed from
>> circulation about 6 months later
>Really! Someone asked yesterday on uf what the period was
>and someone else posted a link which explained.
>For past withdrawels the minimum period of overlap was 17
>months and the maximum 30.
For the entire series, possibly, but for individual denomination it's
shorter than that - I don't recall the old Faraday �20's hanging around
for years after the arrival of Elgar. When the smaller 50p was released
in 1997, all the old coins were withdrawn within 6 months.
>>and will only be redeemable at the Bank.
>The system in the UK is that normal Banks cease to take
>them at the same time as shops do. Of course the odd few
>slip through.
As I said, "at the Bank" of England - I thought it was fairly clear I
meant after the period in circulation, but perhaps not...
--
Arwel Parry
<[email protected]> writes
>"Arwel Parry" <[email protected]> wrote in message
>news:[email protected]...
>> The Bank of England have just announced they're introducing a new series
>> of banknotes (Series F) starting next year with the �20 - so going by
>> their previous practice the existing notes will be removed from
>> circulation about 6 months later
>Really! Someone asked yesterday on uf what the period was
>and someone else posted a link which explained.
>For past withdrawels the minimum period of overlap was 17
>months and the maximum 30.
For the entire series, possibly, but for individual denomination it's
shorter than that - I don't recall the old Faraday �20's hanging around
for years after the arrival of Elgar. When the smaller 50p was released
in 1997, all the old coins were withdrawn within 6 months.
>>and will only be redeemable at the Bank.
>The system in the UK is that normal Banks cease to take
>them at the same time as shops do. Of course the odd few
>slip through.
As I said, "at the Bank" of England - I thought it was fairly clear I
meant after the period in circulation, but perhaps not...
--
Arwel Parry
Oct 30th 2006, 10:14 am
#6
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
Arwel Parry wrote:
> The Bank of England have just announced they're introducing a new series
> of banknotes (Series F) starting next year with the �20 - so going by
> their previous practice the existing notes will be removed from
> circulation about 6 months later and will only be redeemable at the
> Bank.
> Presumably the different denominations will be introduced over a period
> of a few years. Illustrations of the new �20 can be seen at
> http://www.newscast.co.uk/ - put "Bank of England �20" in the search box
> and go...
And what would you suggest people do with their notes?
> --
> Arwel Parry
> The Bank of England have just announced they're introducing a new series
> of banknotes (Series F) starting next year with the �20 - so going by
> their previous practice the existing notes will be removed from
> circulation about 6 months later and will only be redeemable at the
> Bank.
> Presumably the different denominations will be introduced over a period
> of a few years. Illustrations of the new �20 can be seen at
> http://www.newscast.co.uk/ - put "Bank of England �20" in the search box
> and go...
And what would you suggest people do with their notes?
> --
> Arwel Parry
Oct 30th 2006, 12:04 pm
#7
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
In message <[email protected]. com>,
PeterL <[email protected]> writes
>Arwel Parry wrote:
>> The Bank of England have just announced they're introducing a new series
>> of banknotes (Series F) starting next year with the �20 - so going by
>> their previous practice the existing notes will be removed from
>> circulation about 6 months later and will only be redeemable at the
>> Bank.
>> Presumably the different denominations will be introduced over a period
>> of a few years. Illustrations of the new �20 can be seen at
>> http://www.newscast.co.uk/ - put "Bank of England �20" in the search box
>> and go...
>And what would you suggest people do with their notes?
Spend them or change them when leaving the country if they're not coming
back soon.
--
Arwel Parry
PeterL <[email protected]> writes
>Arwel Parry wrote:
>> The Bank of England have just announced they're introducing a new series
>> of banknotes (Series F) starting next year with the �20 - so going by
>> their previous practice the existing notes will be removed from
>> circulation about 6 months later and will only be redeemable at the
>> Bank.
>> Presumably the different denominations will be introduced over a period
>> of a few years. Illustrations of the new �20 can be seen at
>> http://www.newscast.co.uk/ - put "Bank of England �20" in the search box
>> and go...
>And what would you suggest people do with their notes?
Spend them or change them when leaving the country if they're not coming
back soon.
--
Arwel Parry
Oct 30th 2006, 5:54 pm
#8
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
> As I said, "at the Bank" of England - I thought it was fairly clear I
> meant after the period in circulation, but perhaps not...
But as you didnt capitalise the "T" it was ambiguous, and even if you had,
would not have been understood by most readers of this NG.
> meant after the period in circulation, but perhaps not...
But as you didnt capitalise the "T" it was ambiguous, and even if you had,
would not have been understood by most readers of this NG.
Oct 30th 2006, 10:05 pm
#9
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
> ... previous practice the existing notes will be removed from circulation
> about 6 months later and will only be redeemable at the Bank.
They can't very well declare them completely invalid. Here in Germany the
old Deutsche Mark coins and notes can still be changed into Euros, probably
in any bank. Occasionally some shops make a campaign like "get rid of your
last deutschmarks, we take them!"
But if I read between the lines it means that Great Britain does not plan to
introduce the Euro in the next few years!?
> about 6 months later and will only be redeemable at the Bank.
They can't very well declare them completely invalid. Here in Germany the
old Deutsche Mark coins and notes can still be changed into Euros, probably
in any bank. Occasionally some shops make a campaign like "get rid of your
last deutschmarks, we take them!"
But if I read between the lines it means that Great Britain does not plan to
introduce the Euro in the next few years!?
Oct 30th 2006, 10:31 pm
#10
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
On Tue, 31 Oct 2006 12:05:13 +0100, in rec.travel.europe, "Turan Fettahoglu"
<[email protected]> arranged some electrons, so they looked like this:
... > ... previous practice the existing notes will be removed from circulation
... > about 6 months later and will only be redeemable at the Bank.
...
... They can't very well declare them completely invalid. Here in Germany the
... old Deutsche Mark coins and notes can still be changed into Euros, probably
... in any bank. Occasionally some shops make a campaign like "get rid of your
... last deutschmarks, we take them!"
...
... But if I read between the lines it means that Great Britain does not plan to
... introduce the Euro in the next few years!?
You mean "next few centuries".
<[email protected]> arranged some electrons, so they looked like this:
... > ... previous practice the existing notes will be removed from circulation
... > about 6 months later and will only be redeemable at the Bank.
...
... They can't very well declare them completely invalid. Here in Germany the
... old Deutsche Mark coins and notes can still be changed into Euros, probably
... in any bank. Occasionally some shops make a campaign like "get rid of your
... last deutschmarks, we take them!"
...
... But if I read between the lines it means that Great Britain does not plan to
... introduce the Euro in the next few years!?
You mean "next few centuries".
Oct 30th 2006, 10:37 pm
#11
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
> But if I read between the lines it means that Great Britain does not plan
to
> introduce the Euro in the next few years!?
I guess it means that the Bank of England doesnt want to :-)
to
> introduce the Euro in the next few years!?
I guess it means that the Bank of England doesnt want to :-)
Oct 31st 2006, 1:04 am
#12
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
In message <[email protected]>, Turan Fettahoglu
<[email protected]> writes
>> ... previous practice the existing notes will be removed from circulation
>> about 6 months later and will only be redeemable at the Bank.
>They can't very well declare them completely invalid. Here in Germany the
>old Deutsche Mark coins and notes can still be changed into Euros, probably
>in any bank. Occasionally some shops make a campaign like "get rid of your
>last deutschmarks, we take them!"
Indeed, Bank of England notes never become completely invalid - even the
first notes issued back in the eighteenth century can be exchanged for
new ones at face value (though of course they are worth far more as
collectors' items), but ONLY at the Bank of England itself. As I said,
commercial banks won't take them after a fairly short handover time.
>But if I read between the lines it means that Great Britain does not plan to
>introduce the Euro in the next few years!?
or the next few centuries! The situation is even more complicated when
you realise that there are eight separate series of banknotes
circulating in various parts of the UK (eleven series if you include the
Channel Islands and the Isle of Man) - the Bank of England's notes, plus
those issued by the Bank of Scotland, the Royal Bank of Scotland, and
the Clydesdale Bank in Scotland, and the Bank of Ireland, First Trust
Bank, Northern Bank, and Ulster Bank in Northern Ireland.
Foreign visitors would save themselves a lot of trouble if they don't
try to exchange anything but Bank of England notes outside the UK - even
if you can persuade a foreign bank or bureau de change to take the other
banks' notes, you'll often get a worse rate.
--
Arwel Parry
<[email protected]> writes
>> ... previous practice the existing notes will be removed from circulation
>> about 6 months later and will only be redeemable at the Bank.
>They can't very well declare them completely invalid. Here in Germany the
>old Deutsche Mark coins and notes can still be changed into Euros, probably
>in any bank. Occasionally some shops make a campaign like "get rid of your
>last deutschmarks, we take them!"
Indeed, Bank of England notes never become completely invalid - even the
first notes issued back in the eighteenth century can be exchanged for
new ones at face value (though of course they are worth far more as
collectors' items), but ONLY at the Bank of England itself. As I said,
commercial banks won't take them after a fairly short handover time.
>But if I read between the lines it means that Great Britain does not plan to
>introduce the Euro in the next few years!?
or the next few centuries! The situation is even more complicated when
you realise that there are eight separate series of banknotes
circulating in various parts of the UK (eleven series if you include the
Channel Islands and the Isle of Man) - the Bank of England's notes, plus
those issued by the Bank of Scotland, the Royal Bank of Scotland, and
the Clydesdale Bank in Scotland, and the Bank of Ireland, First Trust
Bank, Northern Bank, and Ulster Bank in Northern Ireland.
Foreign visitors would save themselves a lot of trouble if they don't
try to exchange anything but Bank of England notes outside the UK - even
if you can persuade a foreign bank or bureau de change to take the other
banks' notes, you'll often get a worse rate.
--
Arwel Parry
Oct 31st 2006, 1:08 am
#13
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
On Tue, 31 Oct 2006 12:31:26 +0100, Magda <[email protected]> wrote:
>On Tue, 31 Oct 2006 12:05:13 +0100, in rec.travel.europe, "Turan Fettahoglu"
><[email protected]> arranged some electrons, so they looked like this:
>
> ... > ... previous practice the existing notes will be removed from circulation
> ... > about 6 months later and will only be redeemable at the Bank.
> ...
> ... They can't very well declare them completely invalid. Here in Germany the
> ... old Deutsche Mark coins and notes can still be changed into Euros, probably
> ... in any bank. Occasionally some shops make a campaign like "get rid of your
> ... last deutschmarks, we take them!"
> ...
> ... But if I read between the lines it means that Great Britain does not plan to
> ... introduce the Euro in the next few years!?
>
>You mean "next few centuries".
It's a good way to slow down economic growth. Perhaps China should
adopt it.
--
---
DFM - http://www.deepfriedmars.com
---
--
>On Tue, 31 Oct 2006 12:05:13 +0100, in rec.travel.europe, "Turan Fettahoglu"
><[email protected]> arranged some electrons, so they looked like this:
>
> ... > ... previous practice the existing notes will be removed from circulation
> ... > about 6 months later and will only be redeemable at the Bank.
> ...
> ... They can't very well declare them completely invalid. Here in Germany the
> ... old Deutsche Mark coins and notes can still be changed into Euros, probably
> ... in any bank. Occasionally some shops make a campaign like "get rid of your
> ... last deutschmarks, we take them!"
> ...
> ... But if I read between the lines it means that Great Britain does not plan to
> ... introduce the Euro in the next few years!?
>
>You mean "next few centuries".
It's a good way to slow down economic growth. Perhaps China should
adopt it.
--
---
DFM - http://www.deepfriedmars.com
---
--
Oct 31st 2006, 7:19 am
#14
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
Miss L. Toe wrote:
>
>> But if I read between the lines it means that Great Britain does not plan
> to
>> introduce the Euro in the next few years!?
>
> I guess it means that the Bank of England doesnt want to :-)
The Royal Mint, I believe, are introducing a new set of coin designs, which
also points to the idea that we won't be joining the Euro.
>
>> But if I read between the lines it means that Great Britain does not plan
> to
>> introduce the Euro in the next few years!?
>
> I guess it means that the Bank of England doesnt want to :-)
The Royal Mint, I believe, are introducing a new set of coin designs, which
also points to the idea that we won't be joining the Euro.
Oct 31st 2006, 8:25 am
#15
Guest
Posts: n/a
Re: Advance warning not to hang on to Bank of England notes in the next few years....
On Tue, 31 Oct 2006 20:19:42 +0000, Jonathan Bryce
<jonathan@localhost> wrote:
>Miss L. Toe wrote:
>>
>>> But if I read between the lines it means that Great Britain does not plan
>> to
>>> introduce the Euro in the next few years!?
>>
>> I guess it means that the Bank of England doesnt want to :-)
>The Royal Mint, I believe, are introducing a new set of coin designs, which
>also points to the idea that we won't be joining the Euro.
If UK were planning to join the Euro the Royal Mint would also be
introducing a new set of coin designs . I assume you have never seen a
Euro coins?
--
Martin
<jonathan@localhost> wrote:
>Miss L. Toe wrote:
>>
>>> But if I read between the lines it means that Great Britain does not plan
>> to
>>> introduce the Euro in the next few years!?
>>
>> I guess it means that the Bank of England doesnt want to :-)
>The Royal Mint, I believe, are introducing a new set of coin designs, which
>also points to the idea that we won't be joining the Euro.
If UK were planning to join the Euro the Royal Mint would also be
introducing a new set of coin designs . I assume you have never seen a
Euro coins?
--
Martin
