What Bank Notes Are Out Of Circulation In Northern Ireland?

Is refusing notes in Scotland illegal?

The notes are also legal currency and are approved by the UK Parliament, however, Scottish banknotes are often refused at the discrepancy of the business.

If a banknote is refused, there is very little you can do as payment is essentially a matter for agreement between the parties involved..

Do English shops have to accept Scottish notes?

In England, businesses do not legally have to accept Scottish bank notes – however the majority will, providing they recognise them.

There are two banks in Northern Ireland which issue bank notes and, although this cash is in sterling, it is not actually legal tender in England. Many retailers will still accept them but they are under no obligation to do so, according to the Bank of England.

Are Bank of Ireland 20 pound notes still legal tender?

Bank of Ireland 20 Pounds banknote (Queen’s University) The Bank of Ireland started issuing these 20 Northern Irish Pound banknotes in 2005. They are currently still in circulation.

Is it illegal to burn money in Ireland?

Defacing would involve printing or writing on them, and this law was passed in the 1929 Currency Snd Banknotes Act. The same applies for coins, and the 1971 Coinage Act states: “No person shall, except under the authority of a licence granted by the Treasury, melt down or break up any metal coin.”

Banknotes have been issued for use specifically in Northern Ireland since 1929, and are denominated in pounds sterling. They are legal currency, but technically not legal tender anywhere (including Northern Ireland itself).

Its a good idea but not every single shop will do it. That is a debt you are referring to. … With a shop though, you’re not paying a debt, so they can pretty much refuse you service based on the type of payment you propose to use. They are under no legal obligation to sell to you unfortunately.

Can I exchange Northern Irish sterling in England?

That’s the extent of legal tender in the UK. Northern Ireland notes, are however, legal currency, fully backed by Bank of England notes held by the issuing banks. Your Northern Ireland notes are acceptable in Great Britain if the vendor wants to take them.

Scottish banknotes are unusual, first because they are issued by retail banks, not government central banks, and second, because they are technically not legal tender anywhere in the United Kingdom – not even in Scotland. … Instead the Scottish banks withdraw old notes from circulation as they are banked.

Can you still use paper 10 notes in Northern Ireland?

Northern Ireland £5 and £10 paper notes are to be withdrawn from circulation on Monday. In February, Bank of Ireland, Danske Bank and Ulster Bank began circulating notes made from polymer – a thin plastic material. From Monday, retailers can refuse to accept the older paper notes at their own discretion.

The Bank will give “reasonable consideration” to claims where banknotes have been damaged accidentally. As a general rule there should be evidence of at least half a banknote before it can be reclaimed.

Legal tender amounts of coins. 10. —(1) No person, other than the Central Bank of Ireland and such persons as may be designated by the Minister by order, shall be obliged to accept more than 50 coins denominated in euro or in cent in any single transaction.