The United Kingdom’s old series £10 note is being withdrawn from circulation from midnight on Thursday 1 March.
The paper note in question has a portrait of naturalist Charles Darwin on the reverse.
The move follows the introduction in September 2017 of a polymer UK £10 note, which features a picture of author Jane Austen.
Isle of Man residents are being urged to return any old series paper UK £10 notes in their possession to their bank, along with UK round pound coins, which are being withdrawn from circulation on 28 February 2018.
Retail outlets and businesses in the Island may accept the paper UK £10 notes after 1 March. However, this is at their discretion.
The Isle of Man Bank will continue to accept the discontinued notes after the deadline and repatriate them to the UK. Most other banks in the Island are expected to take a similar approach.
The UK round pound coins will no longer be accepted as a form of payment after 28 February, but may be returned to banks and exchanged for valid coins or notes. After 28 February, the Manx round pound and 12-sided UK pound should be the only £1 coins in circulation in the Island.
Treasury Member Bill Henderson MLC said:
‘The paper UK £10 note will be withdrawn from circulation on 1 March. People will still be able to spend the old notes in retail outlets ahead of the cut-off date, or exchange them at their bank once this point has passed.’
He added:
‘People should also be aware that the UK round pounds will no longer be accepted as payment for services and retail purchases after 28 February. The withdrawal process has been well publicised and I’d like to thank local businesses, banks and members of the public for making the transition as smooth as possible so far.’
Further information about the withdrawal of the paper UK £10 note is available via the Bank of England updates.
