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Is a Bank of Northern Ireland 5 banknote legal tender in England?
Wiki User
∙ 15y ago
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".
Wiki User
∙ 13y ago
Wiki User
∙ 14y agoIf you wanted to make an issue out of it, no, they are not legal tender.
The banknotes of each of the constituents of the United Kingdom has the status of a Promissory Note in the others however, by mutual agreement, UK banks will treat all United Kingdom currency as legal tender whether it be from England/Wales, Scotland or Northern Ireland.
Wiki User
∙ 14y agoThe Bailiwick of Jersey is a British Crown Dependency and issues its own currency which circulates together with British, Scottish and Guernsey currency in Jersey.
Jersey currency is not legal tender outside Jersey, but it is acceptable as tender, as opposed to legal tender, within the United Kingdom, and can be exchanged at UK banks on a one for one basis.
Wiki User
∙ 13y agoNorthern Ireland and Scottish banknotes are issued by commercial banks rather than a central banking authority and therefore have the status of a promissory note rather than legal tender.
By agreement between the banks of the United Kingdom, all banknotes are treated as legal tender.
However, shopkeepers and other business people are not obliged to accept Northern Ireland and Scottish banknotes.
Wiki User
∙ 13y agoNorthern Ireland and Scottish banknotes are issued by commercial banks rather than a central banking authority and therefore have the status of a promissory note rather than legal tender.
By agreement between the banks of the United Kingdom, all banknotes are treated as legal tender.
However, shopkeepers and other business people are not obliged to accept Northern Ireland and Scottish banknotes.
Wiki User
∙ 16y agoNo. Among other things, Ireland adopted the euro in 2002 and hasn't used Irish pounds (or "punts") since then.
Wiki User
∙ 11y agoNo Scottish notes are not legal tender anywhere including Scotland, Scotland has no such thing.
Wiki User
∙ 15y agoNo.
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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 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.
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.
Do you have to accept Northern Ireland banknotes?
They are legal tender in Northern Ireland and in Britain. There is occasionally a bit of reluctance of people in Britain to take them as they are not used to seeing many of them.
Are English Pounds accepted in Ireland?
UK sterling is not legal tender in Ireland but is sometimes accepted in businesses along the border with Northern Ireland.
Can you use a Bank of Ireland Five Pound note in England?
Northern Ireland and Scottish banknotes are issued by commercial banks rather than a central banking authority and therefore have the status of a promissory note rather than legal tender. By agreement between the banks of the United Kingdom, all banknotes are treated as legal tender. However, shopkeepers and other business people are not obliged to accept Northern Ireland and Scottish banknotes.
Is a damaged banknote legal tender?
In most countries, yes.
Do they use euros in Ireland?
some shops close to the Irish border do take Euros but the currency of Northern Ireland is the pound sterling £
Is there a five hundred pound banknote?
The Bank of England did issue £500 notes between 1725 and 1943. They remained legal tender until April 1945, although they are still valid notes which can be exchanged by the Bank of England for modern notes. Because of their rarity, they are worth considerably more than £500. The highest value current English note is £50. Scotland and Northern Ireland both produce £100 notes - which are the highest value legal tender Pound Sterling notes.
Can you use northern Irish currency in England?
There is no difficulties with using Bank of England notes in Northern Ireland. The currency is GPB, and while local banks can issue their own notes (as they can in Scotland), these notes are still Sterling.
Does legal tender ensure the acceptability of money?
"Can Legal Tender be refused as payment to settle a debt?", the short answer is no, but there are a lot of "buts" and "what ifs" with Legal Tender and it varies from country to country. As far as Great Britain is concerned, any demonetised coin or banknote such as the One Pound note or the Half New Penny, etc. are no longer Legal Tender. 1 and 2 Penny coins are Legal Tender in amounts up to 20 Pence. 5 and 10 Pence coins are Legal Tender in amounts up to Five Pounds. 20 and 50 Pence coins are Legal Tender in amounts up to Ten Pounds. One, Two and Five Pound coins are Legal Tender up to any amount, as are banknotes. The currencies of Scotland and Northern Ireland are not Legal Tender in England and Wales (and vice-versa), but are accepted on the basis of them being a Promissory Note by mutual agreement between the banks concerned. A shopkeeper is entitled to refuse payment if the coins or banknotes are mangled, mutilated or torn or, he cannot make change for a small purchase from a large banknote. An unacceptable coin is one where the main design features cannot be seen clearly for any reason. An unacceptable banknote is one that may have been torn in half or been washed and the colours and design are no longer visible or the paper is pulped.
What is the currency of Northern Ireland?
Northern Ireland is part of the United Kingdom and uses the same currency as the rest of the United Kingdom, the British pound (symbol: £, abbreviation: GBP).However, if you are visiting, you ought to be aware that while they accept Bank of England notes, they also have their own. Although these notes are legal tender in the rest of the United Kingdom, they are often refused in shops and other places where money changes hands; you may have to go to a bank to "convert" them into Bank of England notes.pound sterling
