Can Scottish notes be used in England or not?

Scottisch banknotesAccording to a recent study from forexcurrency.us 35% of all Britons believe you can't use Scottish banknotes in England. This is however not the case: in everyday transactions the notes can be used and will be accepted by retailers. The confusion probably comes from the use of the term "legal tender" as is being explained by The Telegraph:

As the Bank of England website clarifies, Scottish bank notes are technically not 'legal tender' in England, just as Bank of England notes are not in Scotland. However, the term 'legal tender' holds a very narrow, technical meaning in regards to debt settlement.

So when you do want to spend Scottish pounds in England, you are free to do so. Or collect them of course, as I did back in 1993 when I started my collection with a Scottish pound.

Steven Tuesday 20 November 2012 at 12:00 pm | | links
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