- Do English shops need to take Scottish ,N.I notes?
Random question – where does the demand for scottish bank notes come from?
A better question is why don’t all banks print their own bank notes? They used to. Really, a bank note is like a cheque, so there’s no reason why not to have different notes from different banks. A centralised currency backed by a central bank’s reserves is a relatively modern invention.Posted 4 years agokiloSubscriber
konabunny – Member
“Slightly o/t but the presence of a large amount of Scottish notes in cash at work is usually a good indicator of it being drugs money, so dealers and wholesalers down south are happy to take them”
Because there’s no / very few real reason for anybody in England to have thousands and thousands in Scottish notes. Most shipments to the UK come in via England and the majority through an “English” supply chain, so large dealers in Scotland buy wholesale from England, obviously they sell at home and get paid in sweaty notes which they either cannot change to English and welsh cash so pass on when they next stock up or hand over in bulk to a hawlah. We’re talking thousands in piles of tens of thousands rather the £65 in Clydesdale bank 20’sPosted 4 years agoEwanMember
A better question is why don’t all banks print their own bank notes? They used to. Really, a bank note is like a cheque, so there’s no reason why not to have different notes from different banks. A centralised currency backed by a central bank’s reserves is a relatively modern invention.
Yes. But that doesn’t answer the question. Surely it’s cheaper to just get a shipment of notes from the BoE than it is to operate your own printing house (unless they’re made at the royal mint i guess alongside normal notes, but you’d still think the BoE ones would be cheaper due to volume). Esp since ‘scottish’ banks are no more scottish than ‘english’ banks are english – they’re all large multinationally owned PLCs – can’t be down to the decision of a patriotic scott…Posted 4 years agobencooperMember
They’re printed at the Mint AFAIK – alongside notes for quite a few other countries.
BoE notes aren’t legal tender in Scotland either, so I guess it makes sense for them to have notes backed by their own reserves. Sure, it’s a historical oddity, but it makes as much sense as any other system.
In fact it makes a bit more sense than BoE notes. A Scottish note is an IOU, basically, but an English note actually thinks it’s money not a bit of paper.Posted 4 years agodragonMember
You can get English notes in Scottish ATMs from the banks that traditionally aren’t Scottish e.g. Natwest, HSBC.
In my experience the further you get from Scotland The less people see Scottish notes and hence more likely to reject them. SW England and Wales can often be sceptical of them but then the 18 year old cashier has probably never seen one before.Posted 4 years agoaracerSubscriberMarty wrote:
Here in N.I they take NI, Scottish and English notes. Scotland takes NI notes, England doesn’t. Just another reason to avoid England where possible (that and it’s full of English )
I didn’t have a great problem using the pile of NI notes I came back with from one trip. Happily I’m also not xenophobic enough to suggest avoiding NI.
I once paid with Scottish money at Lands End – was kind of disappointed at the lack of reaction, but then I guess they are actually used to them there.Posted 4 years ago
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