Vunderkind
Social Member
The Bank of England will be withdrawing the GBP50 from circulation, a circular from the Central Bank of Nigeria (CBN) released yesterday said.
CBN Acting Director, Trade and Exchange, J.O. Ajewole, who signed the circular addressed to all authorised dealers and the general public, said the Bank of England will be withdrawing the GBP50 bill with the portrait of Sir John Houblon from circulation. He said the bill will cease to be legal tender with effect from April 30.
Meanwhile, Britain had earlier in the week, said a new £1 coin, billed by the Royal Mint as the “most secure coin in the world” is to be introduced in 2017.
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Source: The Nation
CBN Acting Director, Trade and Exchange, J.O. Ajewole, who signed the circular addressed to all authorised dealers and the general public, said the Bank of England will be withdrawing the GBP50 bill with the portrait of Sir John Houblon from circulation. He said the bill will cease to be legal tender with effect from April 30.
Meanwhile, Britain had earlier in the week, said a new £1 coin, billed by the Royal Mint as the “most secure coin in the world” is to be introduced in 2017.
Click here to read more
Source: The Nation
