Old-style £5 notes to be withdrawn
The older style £5 notes featuring a portrait of George Stephenson, who built the world's first public railways, are to be withdrawn from circulation.
The Stephenson £5 notes have been in circulation since June 7 1990 and they make up 54 million of the 211 million £5 notes in circulation today.
"Holders of these notes may continue to use them, but after November 21 2003 they will no longer be legal tender," said a spokesman for the Bank of England.
"Most banks, building societies and Post Offices will continue to accept the Stephenson note for several months after this date but this will be at the discretion of the individual institution."
However, as with all old Bank of England notes, the Stephenson £5 notes will remain payable at the Bank of England forever.
The new-style £5 notes, which have been in existence since May 2002 and feature Elizabeth Fry, the Quaker prison reformer, will remain in circulation.
The Fry £5 has enhanced security features including a foil hologram, an ultraviolet feature and micro-lettering.
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