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Bank of England to withdraw the Houblon £50 note in fraud crackdownThe £50 note which features a portrait of Sir John Houblon is to be withdrawn from circulation on Wednesday.The Bank of England estimates that there are still 53 million of the notes in circulation, amounting to a value of £2.65bn.Members of the public or business people who use the Houblon £50 notes are being urged to exchange them or deposit them at banks.Barclays, NatWest, RBS, Ulster Bank and the Post Office have all agreed to exchange Houblon £50 notes for members of the public up to the value of £200 until 30 October 2014.From May onwards, shops are unlikely to accept the older notes as payment. But the £50 banknote featuring Matthew Boulton and James Watt, introduced in 2011, will still be legal.