Cut-off date set to spend old £10 notes

Cut-off date set to spend old £10 notes

The old paper £10 note featuring Charles Darwin will expire shortly before midnight on March 1, 2018, the Bank of England has announced.

The new plastic £10 note featuring author Jane Austen entered circulation on 14 September.

The new bank notes follows suit of the old style £5 which went out of circulation in May, and the old £1 coin which is no longer legal tender. New five (you can see the portrait of Winston Churchill on it) is the new variation of the banknote, also shows the higher level of durability, it is also cleaner than old-fashioned paper notes.

Here is a video explaining the security measures on the new polymer note.

As well as its strength and anti-counterfeit properties, the new note is also believed to last two-and-a-half times longer than paper notes, meaning they are more environmentally friendly.

But the new notes have not been introduced without problems after vegans, Hindus and Sikhs complained they contain tallow, a substance derived from animal fat.

The Bank of England said 55% of £10 notes in circulation were the new plastic notes as of 3 October and that there were still 359 million of the old tenners in circulation.

The Bank assessed whether palm oil or coconut oil should be used instead, but concluded that this might not be able to be sourced sustainably.

The new tenner is the first Bank of England note with a tactile feature to help blind and partially-sighted users.