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Currency and Bank Notes Act 1954: UK Extended the Bank Notes Act 1833 to make Bank of England notes under £5 in value legal tender; the act also applied to Scotland, making English 10/– and £1 legal tender for the first time. Bank of England withdrew low-denomination notes in 1969 and 1988, removing legal tender from Scotland. 2008 Banking ...
The £100 million note (nicknamed "Titan" simply because of its titanic value) backs the value of common circulating notes (£1, £5, £10, £20, £50, and £100 notes) issued by the six commercial banks in Scotland (Bank of Scotland, Royal Bank of Scotland, Clydesdale Bank) and Northern Ireland (Bank of Ireland, Danske Bank and Ulster Bank).
Each redesign is allocated a "series". Currently the £50 note is "series F" issue whilst the £5, £10 and £20 notes are "series G" issue. Series G is the latest round of redesign, which commenced in September 2016 with the polymer £5 note, September 2017 with the polymer £10 note, and February 2020 with the polymer £20 note. [14]
A third note surfaced recently on the collector market, dated 8 September 2003, serial number R016492, and it is signed by Andrew Turnbull, Secretary to the Treasury, and cancelled. Until 2006, these Treasury notes were issued by the Bank of England, in the City of London.
The £100 note is currently the largest denomination of banknote issued by The Royal Bank of Scotland. [3] The current Ilay series of banknotes was first issued in 1987. [4] These banknotes feature a portrait of Lord Ilay, first governor of the bank, on the front. Lord Ilay's image is also used as a watermark on the notes.
The Bank of England, which is now the central bank of the United Kingdom, British Crown Dependencies and British Overseas Territories, has issued banknotes since 1694. In 1921 the Bank of England gained a legal monopoly on the issue of banknotes in England and Wales, a process that started with the Bank Charter Act 1844, when the ability of other banks to issue notes was restricted.
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The Clydesdale Bank £100 note is a sterling banknote.It is the largest denomination of banknote issued by Clydesdale Bank.The current cotton note, first issued in 2009 bears a portrait of the designer and artist Charles Rennie Mackintosh on the obverse and images of the Heart of Neolithic Orkney on the reverse.