This just goes to show how much of a technicality legal tender is. For your own peace of mind, swap any Scottish money you have for English banknotes to avoid any inconvenience when travelling south of the border. Cookie Use NowLoan uses cookies to enhance your website experience. Read more. What Is Legal Tender?
Here are the other most common ones: Scottish notes are less common than English ones and not that many people can recognise a real one from a counterfeit. Many shop owners instruct their staff to refuse Scottish money to avoid being scammed. This is actually the primary reason why you risk not being able to pay for your goods or services, although Scottish and Northern Irish banknotes are rarely forged.
Businesses in England have to pay their bank to have the Scottish notes changed into something most Britons would accept in change. There are way too few people in England willing to accept Scottish notes. The Association of Commercial Banknote Issuers states: "The term 'legal tender' has very little practical meaning as far as ordinary, everyday transactions are concerned, and it has no bearing on the acceptability of authorised banknotes as a means of payment …" Crucially, it adds: "The acceptability of any means of payment, including banknotes, is essentially a matter for agreement between the parties involved.
English shopkeepers who are unfamiliar with them may refuse to accept Scottish or Northern Irish notes. This is usually because they cannot tell whether the note is genuine, rather than their feeling towards the Scots. Will cash die out? What is GDP? You may also be interested in…. Back to top. Give your feedback. Yes, it was useful Yes. No, it wasn't useful No. Page Url. Is Mobile. IP Address. Operating System. What did you think of this page?
Add your details Please prove that you're not a robot:. Accept recommended cookies. Proceed with necessary cookies only.
0コメント