> 1) Banks don't run their own currencies. Some do, namely the Scottish and Northern Irish note issuing banks. These have to be fully backed though. https://w

> 1) Banks don't run their own currencies. Some do, namely the Scottish and Northern Irish note issuing banks. These have to be fully backed though. https://www.bankofengland.co.uk/banknotes/scottish-and-northern-ireland-banknotes https://www.bankofengland.co.uk/banknotes/scottish-and-north...