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Banknotes have been issued for use specifically in Northern Ireland since 1929, and are denominated in pounds sterling. They are legal currencies, but technically not legal tender anywhere (including Northern Ireland itself). This is not uncommon as most bank notes are not recognised as tender. [1]
Although the Bank of Ireland is not a central bank, it does have Sterling note-issuing rights in the United Kingdom. While Bank of Ireland is headquartered in Dublin, in the Republic of Ireland, it has operations in Northern Ireland, where it retains the legal right (dating from before the partition of Ireland) to print its own banknotes.
Scottish and Northern Irish banknotes are not legal tender anywhere, and Jersey, Guernsey and Manx banknotes are only legal tender in their respective jurisdictions. Although these banknotes are not legal tender in the UK, this does not mean that they are illegal under English law, and creditors and traders may accept them if they so choose ...
Irish Free State & Northern Ireland Commercial bank issues 1921–27 ↙ ↓ Northern Ireland issues (part of the U.K.) Commercial bank issues 1929+ Irish government banknote issues Currency Commission 1927–42 ↓ ↘ Legal Tender Notes A Series 1928–42 Consolidated Banknotes commercial bank issues 1929–41 ↓ ↙ Central Bank of Ireland ...
Banknotes issued by retail banks in the UK (Scotland and Northern Ireland) are not legal tender, but one of the criteria for legal protection under the Forgery and Counterfeiting Act is that banknotes must be payable on demand, therefore withdrawn notes remain a liability of the issuing bank without any time limits.
The Ulster Bank £100 note is a banknote issued by Ulster Bank. [2] It is valued at one hundred pounds sterling and the current design was first issued in 1990. [3] As with most banknotes of Northern Ireland, they can be used for transactions in the Isle of Man and Great Britain, but in practice most retailers will not accept them and they are not legal tender in England, Scotland or Wales.
Irish pound banknotes ceased to be legal tender on 9 February 2002, [7] although they are intended to be exchangeable indefinitely for euro at the Central Bank. On 31 December 2001, the total value of Irish banknotes in circulation was €4,343.8 million.
The Ulster Bank £50 note is a banknote issued by Ulster Bank.It is valued at fifty pounds sterling and the current design was first issued in 1997. [2] [3] As with most banknotes of Northern Ireland, they can be used for transactions in the Isle of Man and Great Britain, but in practice most retailers will not accept them and they are not legal tender.
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