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The Bailiwick of Guernsey currency (GGY) is pegged at par with the British Pound Sterling (GBP) and the Guernsey decimal coinage is near identical in dimensions, composition and history to the equivalent British Coins. Guernsey currency is "legal tender" only in Guernsey, but may be regarded as "acceptable tender" in Britain.
Wiki User
∙ 13y ago
Wiki User
∙ 10y agoGuernsey currency is "legal tender" only in Guernsey, but may be regarded as "acceptable tender" in Britain.
The Bailiwick of Guernsey currency (GGY) is pegged at par with the British Pound Sterling (GBP) and the Guernsey decimal coinage is near identical in dimensions, composition and history to the equivalent British coins.
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What can I do with 10 pound notes issued by Isle of Man?
Jersey, Guernsey, Manx currency, etc, is not 'legal tender' in the UK, but legal tender is a narrow definition that only applies to the payment of debts. Many millions of notes are in circulation that are not 'legal tender', but they are all a 'legal currency' approved by the UK parliament, backed by Bank of England securities, and are 'worth' exactly the same as their UK equivalents. Therefore you can simply try to spend them in any shop. If the shop refuses them, try another, or take it to the bank.
How much is 1000 peseta worth in UK?
The Spanish peseta is no longer a legal tender currency. Both Spain and the UK use the euro.
Are notes in UK legal tender?
No. The One Pound note ceased to be legal tender in March 1988.
Are postage stamps legal tender in the uk?
No - only coins and notes of the realm are legal tender.
Is a Bank of Northern Ireland 5 banknote legal tender in England?
Irish banknotes are not legal tender in Great Britain. Northern Irish banknotes are not legal tender in England and Wales, but by mutual agreement between the banks, are considered as "acceptable tender".
Is a twenty pound Scottish note legal tender in England?
Yes all Scottish notes are legal tender throughout the UK, that is in England, Northern Ireland and Wales. Actually no. Scottish and Northern Irish notes may be used in any part of the UK and as they are marked Sterling, most shops will accept them. They are not legal tender however. Legal tender is a misunderstood term and does not refer to whether money is currency that can be used. Scottish and Northern Irish sterling notes are not legal tender in any part of the UK. No banknote is legal tender in Scotland or N. Ireland in fact! This money is issued by retail banks and is classed as a promissory note not Legal Tender. The expression Legal Tender is to do with debt payment laws and refers to a form of payment that is legally always acceptable. In England and Wales the only legal tender is money issued by the Bank of England and no note is Legal Tender in Scotland or Northern Ireland including their own notes. There is quite a good discussion of this on the Royal Mint banknote site.
Are 5 coins legal tender in the UK?
I not sure as to the meaning of the question? The first five legal tender coins in the UK are: 1p, 2p, 5p, 10p, 20p (p meaning pence).
Will a Tesco pay machine accept Gibraltar's 5 pound note?
Probably not, Gibraltars banknotes are not the same size as Bank of England notes. Also, Gibraltars currency is not legal tender in the UK.
What do you call any kind of money that a creditor must by law accept in payment of debts?
Legal tender. In plain English, it's the currency that is in use in a particular country. US dollars in America, Sterling in the UK and Euros in much of Europe for example.A creditor is normally free to accept other forms of payment if he chooses to. The creditor may decide to accept a foreign currency rather than wait for the payment in the legal tender of the country. The creditor is normally not obliged to accept anything other than legal tender.
Are 50 pound notes still legal tender in the UK?
Yes they are. Yes they are.
Does English money have some value in America?
UK currency can only be used in a very few locations internationally, and is not legal tender in the US or Canada. It can, however, be readily exchanged by private banks for legal currencies, upon payment of a conversion fee.
How much money is a shilling in American money?
Shillings are no longer legal tender in the UK and there is no direct currency exchange because of that. A shilling (UK) was a pre-decimal coin worth 12 old pence. After the UK decimalised its currency in 1971 most of the pre-decimal coins continued to remain legal tender but had their value changed, so a shilling became worth 5 new pence, a sixpence was worth 2 1/2 etc. Over the following months many of the old coins were withdrawn from circulation and ceased to be legal tender, but the shilling and 2 shilling coins (worth 5p and 10p) continued to be legal tender until the early 1990's when they were replace by coins what were much smaller, a size that is legal tender still. If the coin was still legal tender it would be worth about $0.08. currently the coins only value is as a collectable/antique, and so it depends on the year and condition of the coin. The value was much higher in the past - a shilling in 1830 might have been the equivalent of $30 today.
