£20 and £50 notes going out of circulation

Commercial Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and £50 notes to enable proper conclusion of cash evacuation.

Guaranty Trust Bank Plc, disclosed this in an email to its customers recently titled ‘Pound Notes Going Out Of Circulation’.

The Bank said “As new £20 and £50 polymer notes have been issued by the Bank of England, your paper note for this denomination will be going out of circulation.

You are hereby advised that from January 1st 2022, we will no longer be accepting £20 and £50 paper notes at our branches.

These paper bank notes may be deposited by December 31, 2021.

Leave a Reply

Your email address will not be published. Required fields are marked *