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J. M. W. Turner. Design date. 5 June 2024. The Bank of England £20 note is a sterling banknote. It is the second-highest denomination of banknote currently issued by the Bank of England. The current polymer notes, first issued on 5 June 2024, bears the image of King Charles III on the obverse. The other note first issued on 20 February 2020 ...
Twenty pounds (British coin) The British twenty pound ( £20) coin is a commemorative denomination of sterling coinage, first issued by the Royal Mint in 2013. [ 1] It is minted in .999 fine silver. [ 2] Twenty pound coins are legal tender [ 3] but are intended as souvenirs and are almost never seen in general circulation.
Banknotes do not have to be classed as legal tender to be acceptable for trade; millions of retail transactions are carried out each day in the UK using debit cards and credit cards, none of which is a payment using legal tender. Equally, traders may offer to accept payment in foreign currency, such as the euro, yen, or US dollars.
Of the eight banks authorised to issue sterling notes in the UK, only the Bank of England can issue banknotes in England and Wales, where its notes are legal tender. Bank of England notes are not legal tender in Scotland and Northern Ireland, but are always accepted by traders. The Bank of England now issues notes, all in polymer, in four ...
The Royal Shield formed by six UK coins, with the £1 coin depicting the whole of the shield. In 2008, UK coins underwent an extensive redesign which eventually changed the reverse designs of all coins, the first wholesale change to British coinage since the first decimal coins were introduced in April 1968. [20]
Prior to decimalisation in 1971, there were 12 pence (written as 12d) in a shilling (written as 1s or 1/-) and 20 shillings in a pound, written as £1 (occasionally "L" was used instead of the pound sign, £). There were therefore 240 pence in a pound. For example, 2 pounds 14 shillings and 5 pence could have been written as £2 14s 5d or £2 14 5.
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