when do the new £50 notes come out
Bank of England £50 note However, a Bank of England source told the Financial Times (FT) in December 2016 that there were no plans to remove the note from circulation. The FT said the removal would be "a loss of Liberty" and raised points that the Â£50 is useful for high value cash transactions, such as eating out.[9]
Paris Peace Accords
Banknotes of the pound sterling In 2012 Northern Bank adopted the name of its Copenhagen-based parent company Danske Bank Group and rebranded its retail banking operation.[101][102] In June 2013 the bank issued a new series of £10 and £20 notes bearing the new brand name; at the same time it also announced that it would cease production of £50 and £100 notes. Older notes bearing the Northern Bank name will continue in circulation for some time as they are gradually withdrawn, and remain acceptable forms of payment.[103][104] In spite of the Danish name on the new notes, banknotes issued by Danske Bank are sterling notes and should not be confused with banknotes of the Danish krone issued by the Danmarks Nationalbank, Denmark's central bank.
Banknotes of the pound sterling Not since 1945 has there been bigger notes than £50 issued for general circulation by the Bank of England, although banks in Scotland and Northern Ireland still use £100 notes. However, the Bank of England does produce higher-value notes that are used to maintain parity with Scottish and Northern Irish notes. Banknotes issued by Scottish and Northern Irish banks have to be backed pound for pound by Bank of England notes (other than a small amount representing the currency in circulation in 1845), and special £1 million and £100 million notes are used for this purpose. Their design is based on the old Series A notes.[41][71]