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WebMar 20, 2024 · Paper £10 and £5 banknotes have already been withdrawn, while paper £20 and £50 notes cannot be used after 30 September 2024. They have been replaced with new plastic notes with a series of... Federal Reserve Notes were first issued in 1914, and differ from their predecessor Federal Reserve Bank Notes in that they were liabilities of the whole Federal Reserve System. They were redeemable in gold until 1933. After that date they stopped to be redeemable in anything, much like United States Notes (which later led to the halting of the production of United States Notes). They switched to small size in 1929 and are the only type of currency in circulation today in the … fort lee va shuttle bus

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