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On 27 February 2019, Ulster Bank and Bank of Ireland released new polymer £5 and £10 notes, while Danske Bank released new polymer £10 notes. On 29 September 2023, paper £50 and £100 notes issued by the Bank of Ireland and by Ulster Bank, like those of the Scottish bank note issuers, will replaced with polymer banknotes.
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.
Legal Tender Notes A Series 1928–42 Consolidated Banknotes commercial bank issues 1929–41 ↓ ↙ Central Bank of Ireland 1943–2001: Legal Tender Notes A Series 1943–77 B Series 1976–93 C Series 1992–2001 Source: Devitt, M Mac (18 November 2000). "Introduction to Irish Paper Money Issues ca1670-2001. The Structure of Banknote Issues ...
In February 2019, the Bank of Ireland introduced a new series of notes printed on polymer substrate. The themes presented on both sides are the same as their paper counterparts, but its banknote size is that of the Bank of England's notes. The principal difference between the denominations is their colour and size. 5 pound note, blue
Bank of England governor Andrew Bailey said the Queen had been an ‘inspirational figure’. Notes with Queen’s portrait will remain legal tender, Bank of England says Skip to main content
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.
Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. [2]
In Scotland, the Bank of Scotland, Clydesdale Bank, and the Royal Bank of Scotland, and in Northern Ireland, the Bank of Ireland, Danske Bank, First Trust Bank, and Ulster Bank, are authorised by Parliament to issue Pound sterling bank notes. They are subject to central bank (the Bank of England) regulations concerning "ring-fenced backing ...