We had a get together with our international team this past summer, and I was shocked to learn from a Scottish colleague that some banks are authorized to print

We had a get together with our international team this past summer, and I was shocked to learn from a Scottish colleague that some banks are authorized to print their own currency notes. I thought "That can't be right". Though this is historically what many banks throughout the world used to do. It just seemed totally crazy that a private corporation could distribute nationally accepted currency. What a weird, wild world we live in... > Scottish banknotes are a funny thing because they're not issued by a central bank, and they're not technically legal tender ANYWHERE in the UK. Three retail banks (Bank of Scotland, Clydesdale Bank, and Royal Bank of Scotland) are permitted to print notes, and they're classified as promissory notes rather than legal tender. Go to the ATM of any of those banks, and you'll get their notes.