They haven't - they're still in circulation. Although they're now only produced by the RBoS
Sir Edward Elgar and the queen
12 November 1984
National currencies cease to exist in 1999 when the euro was first launched. However at this time existing notes and coins continued to circulate. The physical euro banknotes and coins where introduced on 1st January 2002 and previous national currency notes and coins where withdrawn from circulation. The national notes and coins ceased to be acceptable forms of payment by the end of February 2002.
The name of the currceny or the European Monetary Union(EMU), the euro, was officially adopted on 16 December 1995. It was introduced to the world financial markets as an accounting currency, that is to say a currency without physical coins or bank notes, on 1 January 1999. And the actual notes and coins were first entered into circulation on 1 January 2002.
when did bank notes come into use in the uk
When does the old fifty pound note go out of circulation
The Australian Fifty and One Hundred Pound notes were withdrawn from circulation in 1945.
1984
Scottish bank notes aren't withdrawn they are simply removed from circulation and are replaced by new ones when they are worn out
If your asking about the British ten pound note, then it is still in circulation and there are no plans to withdraw it. (February 2009)
The modern Fifty Pound note was introduced into the currency in 1981 to keep pace with the times and inflation. The introduction of a higher value banknote, such as the Fifty Pound note, relieves the pressure on the smaller banknotes such as the Ten and Twenty Pound notes. This means that the Ten and Twenty Pound notes will last longer in circulation and become relatively cheaper to produce and maintain in circulation due to a reduced demand for them.
If you refer to Bank of England banknotes, those currently in circulation include the Five, Ten, Twenty and Fifty Pound notes.
1990
The Bank of England Fifty Pound note will not be going out of circulation. The new Bank of England Fifty Pound note featuring Matthew Boulton and James Watt was issued for circulation on the 2nd of November, 2011. The Bank of England Fifty Pound note it replaces featuring Sir John Houblon will be withdrawn from circulation and demonetised after a publicity campaign by the Bank of England in due course.
£1 notes are still in circulation in Scotland although it is rare to come across one. They are printed by the Royal Bank of Scotland, which is the only Scottish bank still to print £1 notes, albeit in very small quantities.
£1 notes were withdrawn from circulation in England 1988 so they are no longer legal tender but prior to that they were common.
Australian bank notes in circulation in 1959 were - Ten Shillings, One Pound, Five Pounds and Ten Pounds.