They haven't - they're still in circulation. Although they're now only produced by the RBoS
Chat with our AI personalities
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euro banknotes and coins where introduced on 1st January 2002 and previous national currency notes and coins where withdrawn from circulation.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