The End Of The United Kingdom: Independent Scotland?
Posted: Mon Nov 27, 2006 5:22 pm
Incidentally, acting on a dimly remembered suspicion...
Like I said. Just keep pointing at the bit that says Sterling. They can't understand a word you're saying anyhow.
wikipedia wrote:Bank of England notes are the only banknotes that are legal tender in England and Wales. Scottish, Northern Ireland, Jersey, Guernsey and Manx banknotes are not legal tender in England and Wales. However, they are not illegal under English law and creditors and traders may accept them if they so choose.
In Scotland and Northern Ireland no banknotes – not even ones issued in those nations – are legal tender, although Bank of England one pound notes were when they existed: Bank of England notes of under five pounds value are legal tender. Scottish and Northern Irish notes are 'promissory notes' (defined as legal currency), essentially cheques made out from the bank to 'the bearer', as the wording on each note says.
The UK Treasury has proposed extending legal tender status to Scottish banknotes. The proposal has been opposed by Scottish nationalists who claim it would reduce the independence of the Scottish banking sector
Like I said. Just keep pointing at the bit that says Sterling. They can't understand a word you're saying anyhow.