Friday, May 18, 2012

New £20 Banknote

Got some English cash under your mattress? Watch out for the note change which will eventually make it useless in Turkey.

The Bank of England issued a new-style £20 note on 13 March 2007 which incorporates enhanced security features. It is the same size and predominantly the same colour as the old-style £20 note that features Sir Edward Elgar on the back.

The new-style £20 notes will circulate alongside the old-style Elgar note which will be progressively withdrawn from circulation. The date when its legal tender status ends will then be announced.

As with all Bank of England notes, they can always be exchanged for their face value at the Bank in London. However local change offices in Turkey will be unlikely to exchange them for Turkish Lira once they cease to be legal tender. So, keep an eye out for the announcement and make sure you change them before that date. More details can be found on the Bank of England website here.

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