No notes/coins are obsolete as such Jacky, just some are no longer in circulation. The five pound note have changed from the paper ones to smaller plastic ones. Now the ten pound note is in the process of doing the same but you can use both types at the moment. The pound coins have also changed, old ones are about to vanish.
The banks will take old currency in though. You may have to find someone with an account to pay it into as they say they won't exchange old for new.
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