Originally Posted by
TravellingMan
I am not sure I can follow this anymore. First the notes stopped being printed more than a few years ago, then the banks stopped handing them out a year or so ago, so why this announcement?
Quite possibly politically motivated as general elections are due early next year. But that would be a whole other discussion.
The important thing is that while the banks are ready to exchange the notes till 30th September, that deadline will probably get extended. Even if it doesn't, the notes will still continue to be legal tender.