Britain's Giants and Titans

A while ago I wrote a post about the large denomination notes from the USA. They go all the way up to the infamous 100.000 dollar banknote with president Woodrow Wilson at the front. It turns out that Great Britain also has a few banknotes with very high denominations. 

This article on the BBC website describes the two denominations. One is a note of 1 million pounds known as a 'giant'. But even this expensive piece of paper pales in comparison to the one they call the 'titan': a banknote worth 100 million pound.

They are of course useless if you would want to spend them in a supermarket. They serve as backup for the Scottish and Irish banks who issue their own money. People using these banknotes would know their money is always backed by these giants and titans should the local bank fail.

More info on this fascinating story at the BBC website.

© BBC
Steven Monday 28 January 2013 at 1:15 pm | | links
These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Del.icio.us
  • Digg
  • Google
  • Reddit
  • StumbleUpon
  • Twitter

No comments

(optional field)
(optional field)
To prove you're not a robot, answer this simple question.

Comment moderation is enabled on this site. This means that your comment will not be visible until it has been approved by an editor.

Remember personal info?
Small print: All html tags except <b> and <i> will be removed from your comment. You can make links by just typing the url or mail-address.