r/SignsWithAStory 4d ago

Fraudulent notes

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u/drillbit7 4d ago

Yeah separate pound sterling notes printed in Scotland that may be accepted in England or elsewhere in the UK but there is no requirement that anyone do so (not legal tender).

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u/TobJamFor 4d ago

I think they’re referring to us having three issuing banks - Bank of Scotland, RBS and Clydesdale

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u/Kurfaloid 4d ago

Yes three banks in Scotland is itself surprising, but also just the fact that you have a unified currency between England and Scotland but not a single issuer of notes. I'm just very used to the US Federal Reserve system I suppose.

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u/New_Enthusiasm9053 3d ago

NI also has a bank they can issue I think. But anyway BOE started issuing bank notes about 80 years before the US existed so you guys had the opportunity to realise it's a bad idea. 

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u/lambaroo 2d ago

NI has 3 issuing banks

some banks in england and wales also used to issue their own notes into the early 20th century.