Markets

Bank of England reveals deadline day for swapping old £10 notes

Bank of England reveals deadline day for swapping old £10 notes

If you still have any old £10 notes, make sure you spend them before 1 March next year.

The Bank of England has revealed the cut-off date as March 1, 2018, following the recent rollout of the new plastic tenner.

The Bank introduced the paper £10 note featuring Charles Darwin in 2000, and it rolled out the new Jane Austen notes in September. Around 55 per cent of the £10 notes in current circulation are made from polymer, while the rest - 359 million - are paper.

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!"

In August, the Bank of England confessed that it would continue with the use of tallow in future banknotes, the spokesperson noted that Bank "has not taken this decision lightly".

Serena attends first public event since birth of daughter
Bella, 21, meanwhile opted for a white suit with a silver bodice and her hair pulled back in a sleek ponytail. But Bella , supportive sis that she is, held tightly onto Gigi's hand to prevent her from falling.

Bank of England governor Mark Carney said about the notes: "The new £10 will be printed on polymer, making it safer, stronger and cleaner".

Here is a video explaining the security measures on the new polymer note.

As well as its strength and anti-counterfeit properties, the new note is also believed to last two-and-a-half times longer than paper notes, meaning they are more environmentally friendly.

"The note will also include a new tactile feature on the £10 to help the visually impaired, ensuring the nation's money is as inclusive as possible".