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Similarly, the Bank of England uses £100,000,000 notes internally: https://en.wikipedia.org/wiki/Bank_of_England_%C2%A3100,000,000_note https://en.wikipedia.org
by cmckn 2y ago
Similarly, the Bank of England uses £100,000,000 notes internally: https://en.wikipedia.org/wiki/Bank_of_England_%C2%A3100,000,000_note https://en.wikipedia.org/wiki/Bank_of_England_%C2%A3100,000,...
- Eavolution 2y agoSomewhat vaguely related to this, not all bank notes in the UK are made equal. Good luck getting someone in England to accept an Ulster Bank, Danske bank, or Bank of Ireland note, despite them all being pound sterling notes issued in the UK worth the exact same amount.
- shawabawa3 2y agoThat's not really them not being made equal, that's just people being ignorant of them you have the same problem spending $2 bills in the US
- gsck 2y agoUlster Bank notes are some of the few notes in the world that are portrait in orientation, probably doesnt help with the acceptance of them elsewhere in the UK
- bitdivision 2y agoDanske bank? Isn't that Danish? https://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterling#Everyday_use_and_acceptance https://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterlin... Looks as though it's just Ulster, Scotland and the Crown Dependencies nowadays Edit: https://en.wikipedia.org/wiki/Danske_Bank_(Northern_Ireland) https://en.wikipedia.org/wiki/Danske_Bank_(Northern_Ireland) Danske bank is a Northern Irish bank (I had never heard of this)
- nxobject 2y agoI wonder: if these are essentially just a “paper trail” for deposits made at the BoD by issuing banks, why bother with a physical banknote at all? In the case of an insolvency of a bank, the bank’s notes would still continue circulating, after all.