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Scottish Currency bills

Dallas, Texas
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Scottish Currency bills

Is it true that Scottish currency bills are different than those of GBPs?

Are bills and coins of GBPs accepted everywhere in Scottland ?

Are they equal in value ?

Thanks.

London, United...
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1. Re: Scottish Currency bills

Scotland does not have a notion of legal tender, while England & Wales (a single unit for this purpose). In Engand & Wales, only Bank of England bank notes are issued, and these are legal tender (that is, they must be accepted for payment of a debt) in England & Wales.

In Scotland, individual banks print their own promissory notes, and it is up to the creditor whether he finds these acceptable as payment. Bank of England notes have the same status in Scotland as notes printed by the Scottish banks.

They are of equal value - a pound is a pound thoughout the United Kingdom.

In practice, it means that both Scottish notes and English notes are freely usable in Scotland, whereas in England & Wales you can encounter resistance to the use of Scottish notes - many places in England and Wales do refuse Scottish notes (and are perfectly in their their legal rights to do so).

Scottish notes can be exchanged (at face value, for no fee) for Bank of England notes in clearing banks (HSBC, Barclays, Lloyds, NatWest, RBS) in England and Wales.

Edited: 01 August 2010, 18:06
Cotswolds
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2. Re: Scottish Currency bills

Yes they are different

Yes English notes are accepted in Scotland

They are different representations of the same currency, so by definition are equal in value.

edinburgh
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3. Re: Scottish Currency bills

There are a wide range of Scottish Bank Notes issued by the various Scottish Banks and they can generally be used all over the UK, however as there are so many varieties of varying denominations of notes, some shop staff elsewhere in the UK may be sceptical of accepting them.

Bank of England Notes are accepted all over the UK

Glasgow
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4. Re: Scottish Currency bills

Equal value and coins are the same throughout the UK.

In Scotland notes are issued by Bank of Scotland,Royal Bank of Scotland and Clydesdale Bank. Bank of England notes also circulate.

You are best to use up the Scottish notes before leaving Scotland as they are not widely accepted elsewhere.

Bingley, United...
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5. Re: Scottish Currency bills

Scottish notes can be accepted in the UK outside Scotland but it's not a legal requirement. It's rare though for Scottish notes to be accepted outside the UK and if so the exchange rate is worse

Dallas, Texas
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6. Re: Scottish Currency bills

Thanks to all for useful information.

7. Re: Scottish Currency bills

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