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They'll still accept dollars. But some notes can get withdrawn, and normal banks etc no longer have to accept them. What I didn't realise though, is that even decades after a bank note has been withdrawn, the issuing bank (BofE for us) still has to accept it. I presume the same is true in America.

All they have to do is change their bills, and have a date for handing the old ones back.

Let's hope they don't look for a war to turn attention from their economy.