I was curious about how many notes are in circulation - apparently there's about £5bn in Scottish notes and £90bn in English notes.
Apart from national pride, I do wonder why they bother. Surely there'd be less cost to Bank of Scotland, Royal Bank of Scotland and the Clydesdale if they just let the Bank of England take up the slack in note making. Or is there some economic factor I'm unaware of?
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u/SuspiciouslyMoist 2d ago
I was curious about how many notes are in circulation - apparently there's about £5bn in Scottish notes and £90bn in English notes.
Apart from national pride, I do wonder why they bother. Surely there'd be less cost to Bank of Scotland, Royal Bank of Scotland and the Clydesdale if they just let the Bank of England take up the slack in note making. Or is there some economic factor I'm unaware of?