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Paper £10 notes will cease to be legal tender after 1 March 2018

Darwin £10 notes will cease to be legal tender after 1 March 2018

Following the successful launch of the new Jane Austen £10 note on 14 September 2017, the Bank of England will withdraw legal tender status of the paper £10 note featuring Charles Darwin at 23:59 hrs (GMT) on Thursday 1 March. The public can continue to use the notes as normal as most paper £10 notes will be automatically removed from circulation. After 1 March 2018, it will still be possible for Charles Darwin notes to be exchanged at the Bank of England.

Notes

  • The current Darwin £10 note was first issued on 7 November 2000.
  • As at 3 October 2017, 55% of £10 notes in circulation were polymer £10 notes. 359 million paper £10 notes are currently still in circulation.
  • Bank of England banknotes retain their value for all time and can be exchanged in person.
  • The Darwin notes are being withdrawn under authority given to the Bank by virtue of Section 1 (5) of the Currency and Banknotes Act 1954.
  • Legal tender has a limited legal definition




Source: bankofengland

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