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Bank of England demonetising £20 and £50 paper notes

September 14, 2022

Please be advised that £20 and £50 paper notes will no longer be legal tender in the United Kingdom after September 30th, 2022. They are being replaced with new polymer notes.

As such, local banks in Barbados may no longer accept these paper notes, especially after the date on which the notes are demonetised. Unfortunately, Scotia Bank stopped accepting these bank notes on September 3rd.

If you are unable to deposit or exchange your paper notes in Barbados, you will need to make your own arrangements directly with the Bank of England.

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