Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Tuesday, October 10, 2017

The Round Pound Coin Days Are Nigh

As from 15 October the old round sided pound coin ceases to be legal tender.

Rules coming into force on that date will prevent shops handing out old £1 coins as change and will give shops the right to refuse them as payment.

However, there is no rule preventing shops (which are able to bank old £1 coins long after this date) accepting the coins after 15 October.

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