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CrazyFruits13  » JAMAICAN FASHION & RUNWAY » Old £1 coin spending deadline looms

Old £1 coin spending deadline looms

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1COOLER Old £1 coin spending deadline looms on Wed 26 Jul 2017 - 13:00

MININEWS

MININEWS
Consumers have less than three months to spend, bank or donate round £1 coins as the new 12-sided version outnumbers the old for the first time.

The Treasury says there are now more of the new £1 coins, which first entered circulation in March, than the old round pound.

From 15 October, shops can refuse the old version of the coin.

However, most banks and Post Office counters will continue to accept them from customers.

"The clock is ticking. We are urging the public to spend, bank or donate their old pound coins and asking businesses who are yet to do so, to update their systems before the old coin ceases to be legal tender," said Andrew Jones, the Exchequer Secretary to the Treasury.

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