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What is the difference between a Banknote and a Currency note?
Wiki User
∙ 14y ago
A "banknote" is the official currency of a country issued by the central banking authority of that country.
A "Currency Note" is defined as any bill or note not exchangeable at par (for the local currency), issued by a person or company (not a bank) with a fixed value printed on the note.
Wiki User
∙ 14y ago
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What is Currency notes?
A currency note is a banknote -- a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand.
What is the largest english currency note available?
The largest demotion banknote for the British pound is the £50 note.
What Irish currency note was Douglas hyde on?
He was on a Series C Banknote IR£50.
What is banknote currency?
The currency of a banknote depends on the country that issued it. For example, US banknotes are in US Dollars. British banknotes are Pound Sterling. Japan is Yen.The "denomination" is the multiple of the currency used on the note - 20 Dollars, for example.
What is a 100 Belgian banknote worth in euros?
currency conversion
What is a bank note?
It's a proper term for paper currency, where the bill was issued by a specific bank, such as the Bank of England or US Federal Reserve.
What is significant about the Australian Five Dollar note?
The Australian Five Dollar note was the first polymer banknote to be released into circulation completely replacing the paper predecessor, and was the first polymer banknote to be successfully integrated into the currency in the world. It also has an impressive list of security features and gadgets to foil counterfeiting.
Is a Scottish pound note worth the same as an English pound note?
The face value of a Scottish banknote is exactly the same as the face value of the same denomination of English banknote.
How long does the average bank note last?
The average banknote will last for between 1 and 3 years before needing to be replaced.
Difference between bill of exchange and promissory note?
difference between bill of exchange and promissory note?
What is a five pound note?
A five pound note (or a £5 note) is a banknote worth £5. If this is a modern note, it is probably a British £5 note.
What is the smallest denomination of Australian currency?
The largest current denomination of Australian banknote is the $100 note. Prior to decimalisation in 1966, the largest ever Australian banknote was the £1,000 note which was first issued in 1914. It was used mostly for transactions between banks and for internal transactions within the Reserve Bank of Australia.
