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> ...and one of three that have the rights to print their own bank notes. Wow, I've never heard of this before - who are the others?

raesene9 8y ago
Bank of Scotland and the Royal Bank of Scotland, fill out the three scottish issuing banks It leads to some "interesting" times if you get money out in Scotland and then go somewhere like London, where they're less used to scottish notes. Merchants outside of Scotland, don't have to take them if they don't want to, but many do.
- toyg 8y ago
  London is actually among the best places to spend Scottish pounds outside Scotland, because they are used to dealing with unsuspecting tourists in many areas. Anywhere else in middle England, though, you will likely get some angry refusals...
pjc50 8y ago
Ah, Scottish banknotes. Clydesdale and both of the banks of Scotland (RBS and HBOS) can print their own banknotes, but they must be backed by sterling on deposit at the Bank of England. A similar arrangement is in place for Northern Bank of Northern Ireland, which produced one of my favourite UK banknotes: https://www.bbc.co.uk/news/uk-northern-ireland-37342948 https://www.bbc.co.uk/news/uk-northern-ireland-37342948 (Plastic! Portrait format! Space shuttle!) One of the tiny frictions of British society is seeing whether people outwith Scotland will accept Scottish banknotes.
- raesene9 8y ago
  Isle of Man is the most annoying to receive if you're just visiting, as they're really not accepted in many other places (https://en.wikipedia.org/wiki/Manx_pound https://en.wikipedia.org/wiki/Manx_pound) As an aside - Why do I always think I've spotted another scottish person when I see outwith...
- SmellyGeekBoy 8y ago
  In my experience when an English shop tries to refuse a Scottish banknote a Scottish person will always appear from nowhere to remedy the situation. ;)
IanCal 8y ago
Bank of Scotland and Royal Bank of Scotland: https://en.wikipedia.org/wiki/Banknotes_of_Scotland https://en.wikipedia.org/wiki/Banknotes_of_Scotland

raesene9 8y ago

Bank of Scotland and the Royal Bank of Scotland, fill out the three scottish issuing banks It leads to some "interesting" times if you get money out in Scotland and then go somewhere like London, where they're less used to scottish notes. Merchants outside of Scotland, don't have to take them if they don't want to, but many do.

toyg 8y ago
London is actually among the best places to spend Scottish pounds outside Scotland, because they are used to dealing with unsuspecting tourists in many areas. Anywhere else in middle England, though, you will likely get some angry refusals...

pjc50 8y ago

Ah, Scottish banknotes. Clydesdale and both of the banks of Scotland (RBS and HBOS) can print their own banknotes, but they must be backed by sterling on deposit at the Bank of England. A similar arrangement is in place for Northern Bank of Northern Ireland, which produced one of my favourite UK banknotes: https://www.bbc.co.uk/news/uk-northern-ireland-37342948 https://www.bbc.co.uk/news/uk-northern-ireland-37342948 (Plastic! Portrait format! Space shuttle!) One of the tiny frictions of British society is seeing whether people outwith Scotland will accept Scottish banknotes.

raesene9 8y ago
Isle of Man is the most annoying to receive if you're just visiting, as they're really not accepted in many other places (https://en.wikipedia.org/wiki/Manx_pound https://en.wikipedia.org/wiki/Manx_pound) As an aside - Why do I always think I've spotted another scottish person when I see outwith...
SmellyGeekBoy 8y ago
In my experience when an English shop tries to refuse a Scottish banknote a Scottish person will always appear from nowhere to remedy the situation. ;)

IanCal 8y ago

Bank of Scotland and Royal Bank of Scotland: https://en.wikipedia.org/wiki/Banknotes_of_Scotland https://en.wikipedia.org/wiki/Banknotes_of_Scotland