Date: 19 July 2024
Disclosure:
| *Date the polymer banknote was issued |
Number of returned banknotes (millions) |
Value of returned banknotes (millions) |
Number of banknotes in circulation (millions) |
Value of banknotes in circulation (millions) |
|---|---|---|---|---|
| £5 paper banknotes returned since 13 September 2016* |
233 | 1,165 | 110 | 548 |
| £10 paper banknotes returned since 14 September 2017* |
729 | 7,291 |
62 |
619 |
| £20 paper banknotes returned since 20 February 2020* |
1,672 | 33,435 |
171 |
3,424 |
| £50 paper banknotes returned since 23 June 2021* |
294 | 14,722 |
52 |
2,607 |
| Total |
2,928 | 56,613 |
395 |
7,197 |
All genuine Bank of England banknotes that have been withdrawn from circulation retain their face value. There is no expiry on the period in which we will exchange banknotes. Details on how to exchange banknotes.