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Current banknotes. There are four denominations (values) of Bank of England notes in circulation: £5, £10, £20 and £50. They all feature either the portrait of King Charles III or of Her late Majesty, Queen Elizabeth II.
The pound sterling (symbol: £; ISO 4217 currency code: GBP) is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, British Antarctic Territory, South Georgia and the South Sandwich Islands, and Tristan da Cunha. The Bank of England has a legal monopoly of banknote issuance in England and Wales.
The Bank of England is the UK's central bank. It issues the UK's banknotes. Coins are manufactured and issued by the Royal Mint. Scottish and Northern Ireland banknotes are also available in the UK. These are issued by three banks in Scotland and three banks in Northern Ireland.
Bank of England notes are periodically redesigned and reissued, with the old notes being withdrawn from circulation and destroyed. Each redesign is allocated a "series". Currently the £50 note is "series F" issue whilst the £5, £10 and £20 notes are "series G" issue.
The UK unit of currency is pounds sterling (£), not the Euro. The design and look of the coins and bills have seen updates in recent years, with new designs circulated between 2016 and 2018. Luckily, each note is a different color, so it is easy to tell them apart when you're looking through your wallet.
The Bank of England banknotes. There are two versions of the banknotes in circulation. One version featuring a portrait of King Charles III and one version featuring a portrait of Her late Majesty, Queen Elizabeth II. There are four denominations of the banknotes in circulation: £5, £10, £20 and £50.
The Bank of England £1 note was a sterling banknote. After the ten shilling note was withdrawn in 1970, it became the smallest denomination note issued by the Bank of England. The one pound note was issued by the Bank of England for the first time in 1797 and continued to be printed until 1984.
The Bank of England has been issuing banknotes for over 300 years. There are over 4.6 billion Bank of England notes in circulation. Together they are worth about £82 billion.
Exchange old £20 and £50 notes at The Bank of England. One option is to take the old paper notes down to the Central Bank in person.
The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2022, and we are encouraging anyone who has these at home to spend or deposit them at their bank or Post Office.