Kibkom North Cyprus Forum

Do the money exchange places still accept the paper £50 notes ?

The one at the top of the hill in Kyrenia did last week, opposite St Georges or whatever it's called.

MnM wrote: ↑

Tue 14 Jun 2022 8:06 am

The one at the top of the hill in Kyrenia did last week, opposite St Georges or whatever it's called.

Thanks for that,was wondering if all exchanges accept them or if some have stopped changing them as there due to be taken out of circulation in September

Well they keep coming out of TEB ATM machines.

I recon you be ok at the Karakum exchange place

gates wrote: ↑

Wed 15 Jun 2022 9:45 am

I recon you be ok at the Karakum exchange place

Yes, exchanged some a few weeks ago with no problem.

Thanks for all your replies.

Thanks for that,was wondering if all exchanges accept them or if some have stopped changing them as there due to be taken out of circulation in September
[/quote]
It's the £20 which is out of circulation 22/9

The Bank of England will be withdrawing legal tender status of the paper £20 and £50 notes after 30 September 2022.

There are approximately £9 billion worth of paper £20 and £15 billion worth of paper £50 notes still in circulation.
As they are returned to the Bank of England, these are being replaced with the new polymer £20 notes
featuring J.M.W. Turner, and polymer £50 notes featuring Alan Turing.

After 30 September 2022, the new polymer notes will be the only ones with legal tender status.

Clydesdale Bank, Royal Bank of Scotland and Bank of Scotland are also in the process of withdrawing their paper £20 and £50 notes
and suggest that retailers and the public spend or deposit these notes by 30 September 2022 as well.

https://www.bankofengland.co.uk/news/20 ... -banknotes