If you are a foreign currency hoarder, saving your money for your next trip, beware of rules for GBP (Great Britain Pound) notes which may decrease the utility of your old paper money. Unlike in the US, when there is a change of paper currency design, the British merchants and commercial banks will no longer accept the old notes after a certain deadline which is announced several months in advance. Only if you go to the Bank of England can you exchange your notes for new ones after the deadline. I.e. specifically the Bank of England and not just any commercial bank in England.
I was informed of this rule by a British post office worker. I verified the information online. Thankfully I had enough advance notice to plan my spending accordingly to use up my old notes which my US bank had given me when I had exchanged USD for GBP.
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