As from Oct 15th, the round coins ceased to be legal tender though any you had after this date could be exchanged at the bank for a nominal period.
It’s a lie.
We got caught by someone, we don’t know who as we didn’t notice at the time, who gave us a shiny OLD POUND in our change, and because it was so shiny (probably polished with brasso for the occasion), we believed it to be one of the new ones.
Checking it out on the internet, it said they could be exchanged at banks and post offices.
It’s a lie.
I stood in the Post Office queue for over ten minutes to exchange my old pound for a new one, only to be told that they couldn’t do it and I had to PAY IT INTO MY BANK ACCOUNT.
I was practically speechless.
Eventually I found my voice and said I didn’t have an account with the Post Office but I did with the bank that allows withdrawals and enquiries at Post Office outlets.
So, for the single transaction of depositing the princely sum of one pound, it had to be processed (computer and electricity) by the cashier (wages and time) and a receipt (paper processing procedure for manufacture of wood pulp accordingly) given.
I believe that if this was analysed for a costing exercise, it would equate to about five pounds all for the sake of one.
Doesn’t make sense, does it?
Glad I don’t pay bank charges.