There are two weeks until the deadline
With two more weeks before the deadline ends, the central bank has warned people to expect long queues at its headquarters at Threadneedle Street in the City of London as they try to swap paper £20 and £50 notes.Although the customers have been reassured that there is no deadline for swapping the notes, the fact that they are no longer accepted at businesses has prompted a rush to exchange them., customers have had to wait for more than an hour due to “very high demand”.
“There will be long queues and you may encounter waiting times in excess of an hour. We would ask that you kindly consider the long wait times when travelling to the Bank to undertake an in person exchange.The Bank has also said that consumers who do not have an immediate need for paper currency may post their old banknotes to its offices.
: “All genuine Bank of England notes that have been or are soon-to-be withdrawn from circulation retain their face value for all time and can be exchanged with the Bank of England in London.”How to exchange your paper banknotes
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