Menu
11/04/2017
Bank Of England Paper £5 Note To Be Withdrawn From Circulation
Bank of England has announced that its paper five pound notes will be withdrawn from circulation on 05 May, 2017.
After this date the note will cease to be legal tender, however the Bank of England will continue to accept them, with no time limit applied. After this date it will be left to businesses to decide whether to continue accepting the notes.
After 05 May 2017 businesses in Northern Ireland will no longer have to accept the Bank of England paper notes, however, businesses should not continue to dispense the notes.
If businesses use cash handling machines, they are advised to contact the manufacturer to make any necessary adaptions. Businesses are also advised to train their staff about the withdrawal of the paper notes.
The Bank of England are also planning to replace paper £10 and £20 notes with polymer notes:
• the new £10 note will be issued in summer 2017 and feature Jane Austen
• the new £20 note will be issued by 2020 and feature JMW Turner
Three Scottish banks are also moving to polymer notes.
(MH/CD)
After this date the note will cease to be legal tender, however the Bank of England will continue to accept them, with no time limit applied. After this date it will be left to businesses to decide whether to continue accepting the notes.
After 05 May 2017 businesses in Northern Ireland will no longer have to accept the Bank of England paper notes, however, businesses should not continue to dispense the notes.
If businesses use cash handling machines, they are advised to contact the manufacturer to make any necessary adaptions. Businesses are also advised to train their staff about the withdrawal of the paper notes.
The Bank of England are also planning to replace paper £10 and £20 notes with polymer notes:
• the new £10 note will be issued in summer 2017 and feature Jane Austen
• the new £20 note will be issued by 2020 and feature JMW Turner
Three Scottish banks are also moving to polymer notes.
(MH/CD)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
27 August 2010
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
08 November 2002
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
02 May 2002
Speculation rife on successor to BoE Governor
Speculation has already commenced as to who will succeed the current Governor of the Bank of England, Sir Edward George, 15 months ahead of the date of his retirement. Sir Edward's decade at the head of the Bank of England will draw to a close on 30 June 2003, marking the end of his second five-year term as Governor.
Speculation rife on successor to BoE Governor
Speculation has already commenced as to who will succeed the current Governor of the Bank of England, Sir Edward George, 15 months ahead of the date of his retirement. Sir Edward's decade at the head of the Bank of England will draw to a close on 30 June 2003, marking the end of his second five-year term as Governor.
29 May 2018
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
14 September 2018
Bank Of England Governor Meets With NI Business Leaders
The Governor of the Bank of England, Mark Carney, has met with senior business leaders during a private event in Belfast. Mr Carney met with senior leaders from the business community and the voluntary sector during an event at Belfast's new Grand Central Hotel on Thursday, 13 September.
Bank Of England Governor Meets With NI Business Leaders
The Governor of the Bank of England, Mark Carney, has met with senior business leaders during a private event in Belfast. Mr Carney met with senior leaders from the business community and the voluntary sector during an event at Belfast's new Grand Central Hotel on Thursday, 13 September.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
