The myth of the pound game.. Scotland has the pound notes in place and the right to use the name pound. Possible solution in line with the demands of Westminster. Keep the pound ditch the Sterling tab and the dept and move on with this.. Some worth reading facts below taken from various legal documents... The Scottish banknote Is a recognised currency in Scotland, but not legal tender. They are always accepted by traders in Scotland, and usually accepted in other parts of the United Kingdom. However, some outside Scotland are unfamiliar with the notes and they are sometimes refused.[17][18] Institutions such as clearing banks, building societies and the Post Office will readily accept Scottish bank notes. Branches of the Scottish note-issuing banks situated in England dispense Bank of England notes and may not dispense their own notes from those branches.[19] Modern Scottish banknotes are denominated in pounds sterling, and are exactly the same value as Bank of England notes; they should not be confused with the former Pound Scots, a separate currency which was abolished in 1707 The British Crown dependencies of Guernsey and Jersey produce their own local issues of sterling: Guernsey pound and Jersey pound. The pound sterling is also used in the Isle of Man (alongside the Manx pound),[9] Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), and Saint Helena[10] and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). Manx, Gibraltar, Falkland Islands and Saint Helena pounds are separate currencies, pegged at parity to the pound sterling. Within the UK, some banks operating in Scotland and Northern Ireland produce private sterling denominated banknotes. Alternative?.
Posted on: Sat, 22 Feb 2014 09:02:46 +0000
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