Poundland said it would accept old £1 coins beyond the cut-off point JOHN NGUYEN/PAThousands of shops will continue to accept the old round £1 coins after they cease to be legal tender on Sunday. The Federation of Small Businesses has advised its 170,000 members that doing so provides a “useful community service”. Poundland also said that it will let customers use the old coins beyond the cut-off point. About 500 million old £1 coins remain in circulation. “It would help if small firms knew they were allowed a short transition period to collect the old coins if they wish to and are willing…

Source: The Times October 08, 2017 23:15 UTC