is this a step towards replacing currency altogether?
If the old notes are no longer legal tender, that sure is a strong incentive to deposit into the bank, or spend it.
Let’s go, Brandon!
“deposit them at their bank or a Post Office”
Just a side note for anyone that may think depositing money at a post office is a little strange.......European post offices have a very different function than ours.
The polymer notes work quite well in Canada.
The only thing I don’t like about them is that our liberal government uses the images on the cash to propagandize and not teach Canadian history.
Why in the world stop accepting the paper notes as legal tender? Why not just let them wear out and get incinerated by the central bank as they wear out? The Fed incinerates vast quantities of worn out paper money on an on-going basis.
The older paper notes don’t have RFID chips in them.
Tyranny comes in many disguises...
kinda like changing the color of the MPCs...
Deposit too much paper and get a visit by tax agents wanting to know why you had so much paper, how you acquired it and declaring it to be inconsistent with your tax filings.
Oh Great. How long until 0’Biden does this?
And I bet that anyone who trades in more than a few of them will be investigated (or just confiscated without benefit of trial) assuming that having cash means you are a criminal.
The next step after polymer bills is silicon... not bills, but computer chip, embedded in your hand or forehead.
Won’t happen here too many politicians have cold cash in the freezer.
What a misleading headline ! Geez.
There will will be 20 and 50 pound notes.