The old £10 note will go out of circulation in March 2018

14 November, 2017, 23:06 | Author: Leticia Walters
  • Jane Austin enthusiasts hold the new £10 note outside Winchester Cathedral which marks the 200th anniversary of Austen's death during its unveiling at the cathedral

Now, the Bank of England has confirmed that from March 1 2018, the old note will no longer be accepted as payment.

From that date on, only the new, polymer £10 notes featuring Jane Austen will be legal tender.

A portrait of Austen is on the back of the polymer note, accompanied by a line from her best-known work, Pride and Prejudice: "I declare after all there is no enjoyment like reading!"

Around 55% of the £10 notes in circulation are made from polymer, while 359 million are paper.

Until this date you can still spend your old £10 notes. New five (you can see the portrait of Winston Churchill on it) is the new variation of the banknote, also shows the higher level of durability, it is also cleaner than old-fashioned paper notes.

Its introduction followed the new £5 note, which went into circulation in September 2016, and caused controversy because of traces of tallow, a product derived from animal fats, contained in the notes (it's also in the tenner).

The note, which is slightly smaller than its paper predecessor, includes a series of raised dots in the top left-hand corner to help visually-impaired users to identify the denomination of the note.

The Bank of England argues that these notes are much harder to counterfeit and last longer than paper notes.

The innovative polymer is more secure and durable in comparison with an old note, depicting Mr Darwin, one of the greatest personality in England's history.

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