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The Bank of Scotland was the first bank in Europe to successfully print its own banknotes. Banknotes of Scotland are the banknotes of the pound sterling that are issued by three Scottish retail banks (Bank of Scotland, the Royal Bank of Scotland and Clydesdale Bank) and in circulation in Scotland.
In common with a number of other banks in Scotland, the Royal Bank of Scotland has retained the right to issue its own banknotes. It first issued notes in 1727, the same year the bank was founded. The issuing of banknotes by Scottish banks was formerly regulated by the Banknote (Scotland) Act 1845 until it was superseded by the Banking Act 2009 ...
Scottish banknotes are not withdrawn in the same manner as Bank of England notes, and therefore several different versions of the Clydesdale five pound note may be encountered, [4] although the Committee of Scottish Bankers encouraged the public to spend or exchange older, non-polymer five pound notes before 1 March 2018. [5]
Circulation Notes £1 note: £1: non-circulating in circulation Withdrawn in England and Wales in 1988. It is still issued by the Royal Bank of Scotland, and still used in some of the Channel Islands. [citation needed] Commonly known as a "quid". £5 note: £5: in circulation
Three men have been charged into the use of fake Scottish banknotes across Yorkshire and Derbyshire following a police investigation. The trio, all from Galway in Ireland, have been charged with ...
The Bank Notes (Scotland) Act 1845 was passed the following year, and to this day, three retail banks retain the right to issue their own sterling banknotes in Scotland, and four in Northern Ireland. [ 23 ] [ 24 ] Notes issued in excess of the value of notes outstanding in 1844 (1845 in Scotland) must be backed up by an equivalent value of Bank ...
The Clydesdale Bank £50 note was a sterling banknote.Until its withdrawal it was the second largest denomination of banknote issued by the Clydesdale Bank.The last cotton note, first issued in 2009 bears a portrait of Elsie Inglis, founder of the Scottish Women's Hospitals, on the obverse and an image of the Antonine Wall on the reverse.
The £10 note is currently the second smallest denomination of banknote issued by the Bank of Scotland. [4] Scottish banknotes are not withdrawn in the same manner as Bank of England notes, and therefore several different versions of the Bank of Scotland ten pound note may be encountered [5] although the Committee of Scottish Bankers encouraged ...