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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]
These are pound sterling notes and equal in value to Bank of England notes, and should not be confused with banknotes of the former Irish pound. The Bank of Ireland does not issue banknotes in the territory of the Republic of Ireland; until the Republic joined the euro in 1999, the only note-issuing bank there was the Central Bank of Ireland.
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 ...
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.
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.
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.
It also issued the Ploughman series of banknotes for Irish banks, which were legal tender until 1953. [1] The Chairman of the Currency Commission was Joseph Brennan. On the adoption of the Constitution of Ireland in 1937 the Currency Commission of the Irish Free State became the Currency Commission of Ireland.
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.