tooninthai Posted March 8, 2010 Share Posted March 8, 2010 Have a look in your wallet: any £20 notes with the image of Edward Elgar on them will not be legal tender after June 30 this year. This means that shops no longer have to accept the notes, and it is up to banks whether they agree to swap notes after this date. Source :- Daily Telegraph. Obviously if any of you are hoarding your millions in £20 notes or have robbed any banks, get them changed soon Link to comment Share on other sites More sharing options...
smokie36 Posted March 8, 2010 Share Posted March 8, 2010 What's this got to do with the price of somtam? Link to comment Share on other sites More sharing options...
givenall Posted March 8, 2010 Share Posted March 8, 2010 What's this got to do with the price of somtam? Bill are changed all the time but never heard this. It is observed in a western country a bill that is phased out can’t be used any more. It should be legal as long as it is in the circulation and eventually they will all be collected and replaces Link to comment Share on other sites More sharing options...
chiang mai Posted March 8, 2010 Share Posted March 8, 2010 http://www.telegraph.co.uk/finance/persona...gal-tender.html Link to comment Share on other sites More sharing options...
true blue Posted March 9, 2010 Share Posted March 9, 2010 http://www.telegraph.co.uk/finance/persona...gal-tender.html cheers, just found 1 20quid note with edward on it in my wallet,bangkok bank can have it this afternoon. Link to comment Share on other sites More sharing options...
JamieWakeman Posted March 9, 2010 Share Posted March 9, 2010 I wonder how they are going to manage that, surly it would be a better idea to just create a brand new 20 pound note altogether or do you think that would be way more hassel ? Link to comment Share on other sites More sharing options...
planemad Posted March 9, 2010 Share Posted March 9, 2010 (edited) Maybe worth a visit to the Bank of England website, not quite as scary as the OP suggests! http://www.bankofengland.co.uk/banknotes/newtwenty/ some more information here. http://uk.reuters.com/article/idUKTRE6272PQ20100308 Edited March 9, 2010 by planemad Link to comment Share on other sites More sharing options...
GreenSnapper Posted March 9, 2010 Share Posted March 9, 2010 Thanks for the information. I have a few of those 20 Pound notes, but I'm not British so I shall get rid of them as long it is still possible. Link to comment Share on other sites More sharing options...
neverdie Posted March 9, 2010 Share Posted March 9, 2010 Actually, I think you will find this is the least of Britians currencies worries. Link to comment Share on other sites More sharing options...
carmine Posted March 9, 2010 Share Posted March 9, 2010 Actually, I think you will find this is the least of Britians currencies worries. I love the wit of our colonial brothers Link to comment Share on other sites More sharing options...
tooninthai Posted March 9, 2010 Author Share Posted March 9, 2010 I wonder how they are going to manage that, surly it would be a better idea to just create a brand new 20 pound note altogether or do you think that would be way more hassel ? We have new £20 pound notes it is the older ones that are being phased out. Maybe worth a visit to the Bank of England website, not quite as scary as the OP suggests!http://www.bankofengland.co.uk/banknotes/newtwenty/ some more information here. http://uk.reuters.com/article/idUKTRE6272PQ20100308 I never meant it to be scary. Just a bald statement of fact. And forewarned is forearmed, especially for those bank robbers with their hoards of cash stashed under the mattress And as there might be people here with some of the older £20 notes it is surely better to trade them in now before the Thai banks decide not to take them any more? The Thai banks can be fickle at the best of times. Link to comment Share on other sites More sharing options...
game4shame Posted March 9, 2010 Share Posted March 9, 2010 sterling is practically worthless these days anyway. Link to comment Share on other sites More sharing options...
jackspratt Posted March 9, 2010 Share Posted March 9, 2010 I await with interest for the next time a thread is closed down because "it has nothing to do with Thailand". Link to comment Share on other sites More sharing options...
Carmine6 Posted March 9, 2010 Share Posted March 9, 2010 (edited) Is this typical for them to just stop them from being legal tender? Normally governments do that with something like a currency split where they take a couple zeros off. They only stopped printing these 3 years ago. What they're doing is effectively voiding a lot of currency. It turns into a gift certificate that has value, but only in a certain place. Edited March 9, 2010 by Carmine6 Link to comment Share on other sites More sharing options...
tx22cb Posted June 30, 2010 Share Posted June 30, 2010 Oh, bother! I just saw an article about the 20 quid note that today was the last day that it is of "legal tender" .... and I find that I have several of these Elgar notes in a drawer. I searched the ThaiVisa forum and found this topic, so I append my plea herewith. As it's past 10 pm on 30 June, I can't do much today, but I'd be grateful for any suggestion as to what my options are on exchanging these Elgar notes over the next few days (short of going to Threadneedle Street). I don't mind converting them to Baht or even the USD. Much obliged ... Link to comment Share on other sites More sharing options...
yabaaaa Posted June 30, 2010 Share Posted June 30, 2010 sterling is practically worthless these days anyway. Yes Please send me all your "worthless" currency now thanks Link to comment Share on other sites More sharing options...
Shotime Posted June 30, 2010 Share Posted June 30, 2010 (edited) I could think of a couple other uses for them. When it comes to topics having nothing to do with Thailand being closed, but have something to do with Brits, it's a whole different story. Switching gears, 75% of the lead topics on page 1 of the general forum are closed. What up wit dat? Oh yeh, who, the fuc_k, is Ed Edgar, anyway? Just kidding. I don't really care or want to know. He must have been some financial swindler. Edited June 30, 2010 by Shotime Link to comment Share on other sites More sharing options...
bonobo Posted July 1, 2010 Share Posted July 1, 2010 I await with interest for the next time a thread is closed down because "it has nothing to do with Thailand". While not specifically having to do with Thailand, this is of interest to people in Thailand who might have the notes as changing them is not as easy here, so I am letting this run just as other threads have run about changes in US passport policies or absentee voting procedures for Australia. Link to comment Share on other sites More sharing options...
Shotime Posted July 2, 2010 Share Posted July 2, 2010 I never knew US passports were made in Thailand. Apparently, right outside of Bangkok. Yikes! Link to comment Share on other sites More sharing options...
Briggsy Posted July 2, 2010 Share Posted July 2, 2010 Just checked mine. All Adam Smith down to the last note. Phew. Link to comment Share on other sites More sharing options...
astral Posted July 2, 2010 Share Posted July 2, 2010 A misleading title. Only the Edward Elgar notes All mine are Adam Smith, thank goodness. Link to comment Share on other sites More sharing options...
greyfriarsbobby Posted July 3, 2010 Share Posted July 3, 2010 Is this typical for them to just stop them from being legal tender? Normally governments do that with something like a currency split where they take a couple zeros off. They only stopped printing these 3 years ago. What they're doing is effectively voiding a lot of currency. It turns into a gift certificate that has value, but only in a certain place. The reason for withdrawing the notes, as the BOE do with all denominations after a period of time, is to reduce the chances of forgery. The new Adam Smith notes were introduced in 2007 and at that time it was announced that theElgar (he of Pomp & Circumstance Musical Fame) would be withdrawn idc. Like ALL withdrawn notes these will still be accepted at face value by the BOE no matter how long ago the notes were withdrawn. The notes can still be exchanged at all banks, bulding scocities and Post Officeces, at the managers discretion. Don't panic! Link to comment Share on other sites More sharing options...
Tonto21 Posted July 3, 2010 Share Posted July 3, 2010 What's this got to do with the price of somtam? Bill are changed all the time but never heard this. It is observed in a western country a bill that is phased out can’t be used any more. It should be legal as long as it is in the circulation and eventually they will all be collected and replaces You’re partly right! UK, Small bills 5’s, even 10’s are allowed to run out,(thay change hands fast) in other words they are collected by banks and not reissued. Large bills, 20’s 50’s there’s a problem with these. Some people hold onto them, as savings, (still a lot of people don’t trust banks) so when the treasury cancel the large notes a time limit in which to use them as legal tender. You will still find a bank will take them, if depositing into a private account….The reasons for canceling bank notes is varied, but anti-counterfeiting is the big one. Link to comment Share on other sites More sharing options...
kunash Posted July 3, 2010 Share Posted July 3, 2010 Is this typical for them to just stop them from being legal tender? Normally governments do that with something like a currency split where they take a couple zeros off. They only stopped printing these 3 years ago. What they're doing is effectively voiding a lot of currency. It turns into a gift certificate that has value, but only in a certain place. The reason for withdrawing the notes, as the BOE do with all denominations after a period of time, is to reduce the chances of forgery. The new Adam Smith notes were introduced in 2007 and at that time it was announced that theElgar (he of Pomp & Circumstance Musical Fame) would be withdrawn idc. Like ALL withdrawn notes these will still be accepted at face value by the BOE no matter how long ago the notes were withdrawn. The notes can still be exchanged at all banks, bulding scocities and Post Officeces, at the managers discretion. Don't panic! correct, banks will still even accept the old old old 1 pound notes. ( sterling ) Link to comment Share on other sites More sharing options...
bprinceuk Posted July 4, 2010 Share Posted July 4, 2010 Oh, bother! I just saw an article about the 20 quid note that today was the last day that it is of "legal tender" .... and I find that I have several of these Elgar notes in a drawer. I searched the ThaiVisa forum and found this topic, so I append my plea herewith. As it's past 10 pm on 30 June, I can't do much today, but I'd be grateful for any suggestion as to what my options are on exchanging these Elgar notes over the next few days (short of going to Threadneedle Street). I don't mind converting them to Baht or even the USD. Much obliged ... I was not previously aware of this and when I went to the Siam Commercial Bank two weeks ago to change some sterling currency into BAHT they would not accept these notes. The lady Bank teller showed me a photograph of the 20 pound notes on her computer which they would accept. Now have 240 pounds worth of these old notes which I will have to change on my next visit to the UK Brian Link to comment Share on other sites More sharing options...
hhgz Posted July 4, 2010 Share Posted July 4, 2010 "forewarned is forearmed" And, four-armed is half an octopus. Link to comment Share on other sites More sharing options...
MAJIC Posted July 4, 2010 Share Posted July 4, 2010 I could think of a couple other uses for them. When it comes to topics having nothing to do with Thailand being closed, but have something to do with Brits, it's a whole different story. Switching gears, 75% of the lead topics on page 1 of the general forum are closed. What up wit dat? Oh yeh, who, the fuc_k, is Ed Edgar, anyway? Just kidding. I don't really care or want to know. He must have been some financial swindler. I take it you are not musically challenged then? Link to comment Share on other sites More sharing options...
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