BANKNOTE PRINTING AND SECURITY

Jul 1, 20250 comments

BANKNOTE PRINTING AND SECURITY

I spotted this article and thought it was an interesting about Scottish and Irish notes, and that you do not legally have to accept them.

In England, sterling notes are printed solely by the Bank of England, but in Scotland and Northern Ireland seven other banks have a licence to print local currency with the permission of the Bank of England. Three are based in Scotland and four in Northern Ireland.

The bank of Scotland issues banknotes in denominations of £50, £20, £10 and £5 for circulation in England and Wales, Scotland and Northern Ireland also issue £100 notes, but only Scotland issues a £1 note.

Banknotes issued by Northern Ireland and Scotland can be used anywhere in the UK, but only if the trader agrees to accept them. Likewise, banknotes issued by the Bank of England can be used outside England and Wales if both parties conducting the transaction are in agreement. In other words, Bank of England banknotes are only legal tender in England and Wales, while banknotes issued in Scotland and Northern Ireland are only legal tender in their retrospective regions.

Our latest digital fruit machines can be set to take all notes or just English sterling notes. The security now built in to the latest digital gaming machines ensures that no fake or fraudulent notes will be accepted by the machine.