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Will the Bank of England accept Ulster banknotes?
The Bank of England is the central agency for the production of British banknotes. Bank of England banknotes are the only legal tender notes that are accepted in England and Wales. By mutual agreement between the banks, the banknotes of Scotland and Northern Ireland are treated as legal tender in England and Wales although they do not have the status of legal tender.
What is the difference between a bank loan and notes payable?
I think a bank loan is when money is borrowed from a bank with the expectation that it will be repaid, and notes payable is then the accumulation of all loan amounts expected to be repaid according to each note (the legal document with the stipulations).
How much is a 1966 1 pound bill from the Royal Bank of Scotland worth in American currency?
Recent online sales for notes in like-new condition have been in the $25 price range.
Is there 100000 us bank notes?
No. Only bank notes up to $100 in value are in circulation.
What is the value of a UK pound note?
The British £1 note was withdrawn by the Bank of England in 1984 but it is still printed and issued by the Royal Bank of Scotland. The Scottish version is still legal tender in Scotland and in theory in the rest of the UK, however it is not widely accepted outside Scotland, the English version is still exchangeable for £1 in cash at the Bank of England in London and some larger UK banks. Though not part of the UK, Jersey, Guernsey and the Isle of Man still circulate a £1 note.
Are Bank of England notes accepted in Scotland?
The Bank of England advises that Bank of England bank notes are only legal tender in England and Wales. Bank of England bank notes "might" be accepted in Scotland or Northern Ireland, but there is no obligation on any Scottish or Northern Ireland trader or bank to accept them.
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 old Thailand bank notes still legal tender?
Generally speaking, no. Older notes are easier to forge and will have been withdrawn from general circulation. Old notes can normally be exchanged by bank branches.
Will the Bank of England accept Ulster banknotes?
The Bank of England is the central agency for the production of British banknotes. Bank of England banknotes are the only legal tender notes that are accepted in England and Wales. By mutual agreement between the banks, the banknotes of Scotland and Northern Ireland are treated as legal tender in England and Wales although they do not have the status of legal tender.
What is shown on Scotland's bank notes and what is its significance?
Scotland has three banks which issues notes. The Royal Bank of Scotland's notes feature Scottish castles, The Bank of Scotland's notes feature Scottish bridges and the Clydesdale bank notes feature famous Scots and Scottish World Heritage sites.
Can you still exchange EU banknotes?
Yes, all notes issued by the European Central Bank are still legal tender.
Can you cash old Portuguese notes?
The escudo is no longer legal tender and may not be exchanged at a bank. They can only be sold as collectors' items.
Is there a 100 pound note in legal tender in the UK?
The Bank of England first issued a £100 note in approximately 1725. The note was last issued in 1943 and ceased to be legal tender in 1945. There is no Bank of England £100 note currently in circulation and the Bank of England advises that there are no plans to introduce one in the foreseeable future. The Bank of Scotland, the Royal Bank of Scotland and the Clydesdale Bank all produce a Scottish £100 note. The Bank of Ireland, the First Trust Bank and the Northern Bank all produce a Northern Irish £100 note.
How does Scottish money work?
Scottish banknotes are largely similar in size to English money, and independent coins are not issued by the three money-issuing retail banks of Scotland. They are the Bank of Scotland [now part of LLoyds Group], the Royal Bank of Scotland [now with the UK government as a majority stakeholder] and the Clydesdale Bank. Interestingly, they are not legal tender in any part of the UK, and as such are not accepted in many areas of England. Pictures can be seen in the related links section. Clydesdale bank are due to release a new series of notes later in 2009. Same coinage as the rest of the UK. Scottish banks issue their own banknotes.
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.
Are 1993 Russian Ruble banknotes legal tender?
No, the Russian currency was revalued in 1998 and new bank notes and coins were issued. Many of the new notes and coins were dated 1997.
Can i buy things with old ten pound notes?
You need to take them to your bank and exchange them for new. They are no longer legal tender for buying from a shop, etc.
