[29] An attempt was made in 1969 by a Welsh banker to revive Welsh banknotes, but the venture was short-lived and the notes did not enter general circulation, surviving today only as a collectors' curiosity.[30]. Weekend of severe weather warnings ahead as Glasgow faces heavy snow forecast, Snow and ice are on the cards from tomorrow, with the Met Office warning of disruption across Scotland - here’s what that looks like for Glasgow, Advice for covid vaccination appointments as Scotland faces severe snow weather warnings, Deputy First Minister John Swinney addressed concerns that the severe weather predicted for the weekend ahead could lead to people missing vaccination appointments, Neil Lennon reacts to Celtic Albian Ajeti charge as boss vows to fight SFA decision. [71][72][73] The polymer notes will be "around 15% smaller" than the notes being replaced. Even after the old £20 notes have been withdrawn from circulation, many banks will still accept them as deposits from customers. As of 2019, Danske Bank only issues the £10 and £20 denominations. Statesman", "Clydesdale Bank brings in plastic £5 notes", "Plastic £5 notes released by Clydesdale Bank in first for Scotland", "Clydesdale launches Homecoming bank notes – Herald Scotland", "First Trust Bank to stop printing notes", "Bank of Ireland to feature Old Bushmills Distillery on new Northern Ireland note issue", "First Trust Bank banknotes security features", "First Trust Bank to cease issuing its own banknotes", "Northern Bank officially rebrands as 'Danske Bank, "Northern Bank to be rebranded by owners Danske Bank", "Danske Bank puts new bank-notes into circulation", "Ulster Bank introduces new £20 note designs", Jersey to issue 100-pound commemorative note in 2012, Committee of Scottish Clearing Bankers home page, Department for Business, Energy and Industrial Strategy, Glasgow International Financial Services District, Japanese government-issued Oceanian Pound, https://en.wikipedia.org/w/index.php?title=Banknotes_of_the_pound_sterling&oldid=1003978657, Currencies of British Overseas Territories, Currencies with multiple banknote issuers, Cultural depictions of Arthur Wellesley, 1st Duke of Wellington, Cultural depictions of Florence Nightingale, Cultural depictions of William Shakespeare, Articles with French-language sources (fr), Wikipedia articles scheduled for update tagging, All articles with specifically marked weasel-worded phrases, Articles with specifically marked weasel-worded phrases from January 2020, Wikipedia articles needing clarification from January 2020, Articles with unsourced statements from January 2020, Articles with unsourced statements from August 2012, Wikipedia articles needing clarification from August 2015, Pages using multiple image with auto scaled images, Articles containing Scottish Gaelic-language text, Articles containing potentially dated statements from 2020, All articles containing potentially dated statements, Articles with unsourced statements from May 2014, Creative Commons Attribution-ShareAlike License. A new series of £5, £10 and £20 notes issued in April 2008 depicts the Old Bushmills Distillery and these new notes will gradually replace the previous series as older notes are withdrawn from circulation. The first coloured banknotes were issued in 1928, and were also the first notes to be printed on both sides. Other banks, building societies and the Post Office may continue to accept and exchange Scottish paper notes after March 1. In February 2019, First Trust announced it would stop issuing its own banknotes, with the final withdrawal on 30 June 2020. [102] According to the Bank Notes (Scotland) Act 1845, the bank could have lost its note-issuing rights, but by retaining headquarters within Scotland, banknote issue will continue. Sometimes they’ll include recommendations for other related newsletters or services we offer. Glasgow Lives in Lockdown: Iggy, Pup, west end, 12 weeks, 12-week-old Iggy Pup was born in Edinburgh, where he was told he was a dog - but now that he's in Glasgow the big man he lives with assures him he's a dug, Eight absolute roasters who’ve come out of the woodwork during lockdown. In 2012 Northern Bank adopted the name of its Copenhagen-based parent company Danske Bank Group and rebranded its retail banking operation. However, prior to the issue of its Series C banknotes in 1960, Bank of England banknotes generally did not depict the monarch. Until June 2020, First Trust Bank issued notes in denominations of £10, £20, £50 and £100. RBS, Clydesdale and BoS have also agreed to exchange their own £5 and £10 paper notes from non-customers, up to the value of £250. Before this happens, we design a new banknote and start issuing it. The monarch is depicted on banknotes issued by the Crown dependencies and on some of those issued by overseas territories. Today, notes issued by Scottish and Northern Irish banks do not depict the monarch. Each denomination features a different scene of the Island on its reverse side: Three British overseas territories use their own separate currencies called pounds which are at par with the pound sterling. Non-customers can exchange their banknotes at the respective issuing bank up to a limit of £250. Under the Act, no new banks could start issuing notes; and note-issuing banks gradually vanished through mergers and closures. [108] On the back of the notes are images of Scottish castles, with a different castle for each denomination. At the start of the First World War, the government issued £1 and 10-shilling Treasury notes to supplant the sovereign and half-sovereign gold coins. [60] The note, which also includes enhanced security features, entered circulation on 13 March 2007. [115] Until April 2008, all Bank of Ireland notes featured an illustration of Queen's University of Belfast on the reverse side. It is a sterling pound but the word "sterling" is omitted on banknotes, as on the English ones. This is the Bank of England's first banknote to be printed in polymer. [19][24], Millions of pounds' worth of sterling banknotes in circulation are not legal tender, but that does not mean that they are illegal or of lesser value; their status is of "legal currency" (that is to say that their issue is approved by the parliament of the UK) and they are backed up by Bank of England securities. The previous Tercentenary series notes are being withdrawn from circulation and replaced with the 2007 series (or polymer series as these are issued), but remain legal currency. [85], Not since 1945 have notes with a higher value than £50 been issued for general circulation by the Bank of England, although banks in Scotland and Northern Ireland still use £100 notes. [109][110] Further notes in the polymer series will be introduced over time, replacing the previous paper notes. And their Scottish equivalents look set to be taken out of circulation too. According to the central banks, the ratio of counterfeited bank notes is about 10 in one million of real bank notes for the Swiss franc, 50 in one million for the Euro, 100 in one million for United States dollar and 300 in one million for Pound sterling.[132]. At a glance. [128] The obverse of the notes includes a portrait of Queen Elizabeth II based on a photograph by Mark Lawrence, alongside a view of an important Jersey landmark, with text in English. [83] The new £50 note is planned for introduction once the Series G £20 note featuring JMW Turner is released. Until June 2020, First Trust Bank (formerly Allied Irish Banks) issued their own banknotes but no longer do so.[114]. Both Jersey and Guernsey issue their own banknotes. [77] The Jane Austen polymer £10 note went into circulation in September 2017. The final criterion is that the individual has an easily recognisable portrait available for use. Bank of England notes are only legal tender in England and Wales, meaning there are no legal tender notes in Scotland at all. [98][99][100], Until 1701 Scotland issued its own pound, the Pound Scots. Their design is based on the old Series A notes. Their acceptance may depend on the experience and understanding of individual retailers, and it is important to understand the idea of "legal tender", which is often misunderstood (see section below). The Scottish note issuing banks will continue to accept old paper based notes and there are currently no plans to change this.”. Broke the monopoly of the Bank of Scotland, initiated the banking war when the Royal Bank attempted to drive the Bank of Scotland out of business by stockpiling and then presenting its notes for payment. [87], Scottish and Northern Irish banknotes are unusual, firstly because they are issued by retail banks, not central banks, and secondly, as they are technically not legal tender anywhere in the UK – not even in Scotland or Northern Ireland – as they are in fact promissory notes. [70], In September 2013 the Bank of England opened a period of public consultation about the introduction of polymer, or plastic, banknotes, which would be introduced into circulation from 2016 if the proposals were supported. Issuing banks will continue to accept all Scottish notes from their own customers - these can either be deposited or exchanged for polymer notes. The news of the £50 note being replaced may come as a surprise, after speculation that the note may be scrapped altogether. [118] Until 1993 the bank issued notes under its former trading name, Allied Irish Banks. [19][88], Seven retail banks have the authority of HM Treasury to issue sterling banknotes as currency. [84] All Bank of England notes issued since Series C in 1960 depict Queen Elizabeth II on the obverse side, in full view facing left; her image also appears as a hidden watermark, facing right; recent issues have the anti-photocopier security EURion constellation around. Paper currency issued by a wide range of provincial and town banking companies in England,[4][5][6] Wales,[7] Scotland[8] and Ireland[9] circulated freely as a means of payment. Two (the £5 and £10 notes) have already been released, whilst a new £20 note is being designed. It is the only one of the bank's pre-2004 notes still in circulation; all others were recalled following the £26.5 million pound robbery at its Belfast headquarters in 2004. [93][94] Critics of the 2009 Act expressed concerns that it would restrict the issue of banknotes by commercial banks in Scotland and Northern Ireland by removing many of the provisions of the earlier Acts quoted above. The Falkland Islands pound is the currency of the Falkland Islands. [95] Under the original proposals, banks would have been forced to lodge sterling funds with the Bank of England to cover private note issue for a full week, rather than over a weekend, thereby losing four days' interest and making banknote production financially unviable. Although these banknotes are not legal tender in the UK, this does not mean that they are illegal under English law, and creditors and traders may accept them if they so choose. The notes all feature an illustration of a seated woman, Hibernia, and the heraldic shields of the Counties of Northern Ireland. Innes Wight, Cambelltown, Scotland Dave from Sutton actually has it the wrong way round, Scottish Notes are NOT … The new series was designed around the theme "Living in Nature", highlighting Northern Ireland's botanical, zoological and geographical features. “We have set a deadline for using paper £5 and £10 notes as March 1. The illustrations on all notes are the same, featuring the British monarch, wildlife and local scenes; denominations are distinguished by the size and colour of the notes. The Currency and Bank Notes Act 1954 defined Bank of England notes of less than £5 in value as legal tender in Scotland. Banknotes do not have to be classed as legal tender to be acceptable for trade; millions of retail transactions are carried out each day in the UK using debit cards and credit cards, none of which is a payment using legal tender. The previous note featuring Charles Darwin was withdrawn from circulation on 1 March 2018. A fundraiser has been launched to help keep the much-loved community station on air. Attempts to apply this law in Scotland fail after a protest by Sir. [65], In April 2013, the Bank of England announced that its next planned new note issue, intended to be the £5 note in 2016, would feature former British Prime Minister Winston Churchill. In Northern Ireland, three retail banks exercise their right to issue pound sterling notes: Bank of Ireland, Danske Bank (formerly Northern Bank) and Ulster Bank. [69] In April 2016, it was announced that J. M. W. Turner had been selected to appear on the new £20 note. They will often accept Northern Irish banknotes. Other banks, building societies and The Post Office may continue to accept and exchange Scottish paper notes after the deadline. The islands are not part of the United Kingdom but are dependencies of the British Crown and in currency union with the UK. The Bank of England has been rolling out polymer notes to replace the less-secure and easily damaged paper versions since 2016. All bank notes issued by the Bank of England retain their face value forever. [111], Banknotes of the earlier Famous Scots Series portray notable Scottish historical people along with items and locations associated with them. The basketball team released a statement last night saying they were 'deeply saddened' by the racist incidents, which targeted three of their recent recruits. The previous series of Royal Bank of Scotland notes, originally issued in 1987, remains in circulation, although it is now in the process of being replaced by polymer notes. [74] Following the consultation, in December 2013, the Bank confirmed that plastic or polymer notes would be brought into circulation in 2016 with the introduction of the £5 note featuring Sir Winston Churchill. You should have no problem taking the money either to the bank or the post office if you intend to spend it. Can't expect everyone to know about scottish notes, and some check-out staff will be held liable if they accept money that isn't legit, so if they are reluctant to accept strange looking notes it's understandable. Scottish and Northern Irish banknotes are not legal tender anywhere, and Jersey, Guernsey and Manx banknotes are only legal tender in their respective jurisdictions. In spite of its name, Bank of Ireland is not, and never has been, a central bank; it is a retail bank. The Bank of England has announced that a new polymer £50 note, featuring, Industrial tools against a background of sailing ships, Queen Elizabeth II; Liberation Sculpture in Saint Helier, £10 note, blue/orange, Queen Elizabeth II and, £50 note, light brown, Queen Elizabeth II and the Royal Court House on the front and St Andrew's Church and La Gran'mère on the back, This page was last edited on 31 January 2021, at 16:10. [126], The Government of Alderney (a part of the Bailiwick of Guernsey) is also licensed to issue its own currency, the Alderney pound, but only mints special commemorative sterling coins and does not issue banknotes. Our notes stop being legal tender when we withdraw them. There are no Welsh banknotes in circulation; Bank of England notes are used throughout Wales. The £5 commemorative notes, issued to mark the 125th anniversary of the construction of the Forth Bridge, contain several new security features including a reflective graphic printed over a transparent "window" in the banknote. Regulated issue of notes in Scotland; most Scottish banknotes had to be backed up by Bank of England money, The last private note issuer in Wales, the. Like other banks in Northern Ireland, Bank of Ireland retains its note-issuing rights from before the partition of Ireland; while Bank of Ireland is headquartered in Dublin, it issues sterling notes within the United Kingdom. Prohibited deferred conversion of notes into coin and the issue of notes for values under £1 by banks in Scotland. [67] In July 2013 it was announced that the Series F £10 note design would bear a portrait of 19th century author Jane Austen. Opening Hours Nearby Find Opening Hours for stores near by. ", "The £50 note is changing and here's why", "Britain to introduce new, more secure 50-pound notes", "New face of the Bank of England's £50 note is revealed", "The Bank of England's Role in Regulating the Issue of Scottish and Northern Ireland Banknotes", "The Bank of England's Role in Regulating the Issuance of Scottish and Northern Ireland Banknotes", "Scottish and Northern Ireland Banknotes – Overview", "Scottish independence: Osborne says currency plans 'dive into uncharted waters, "www.heraldscotland.com/politics/referendum-news/scottish-banknotes-at-risk.20872840", "Scottish banknotes: the Treasury's symbolic hostage in the independence debate", "More detail needed on key issue of currency", "Malachi Malagrowther and the Scottish banknote", "Takeover 'may tip economy of Scotland into turmoil, "Salmond rallies bank chiefs to rescue Scottish jobs", "New RBS bank notes to feature Nan Shepherd and Mary Somerville", "RBS to issue polymer £10 banknote in October", "Archibald Campbell [Mac Cailein Mòr], 3rd Duke of Argyll, 1682 – 1761. Glasgow Rocks 'deeply saddened' after three players targeted by racist incidents. [citation needed] The proposal has been opposed by Scottish nationalists who claim it would reduce the independence of the Scottish banking sector.[27]. The polymer notes continue the theme of the World Heritage Series of paper banknotes, introduced in autumn 2009. One pound is equivalent to 100 pence. These pounds are sterling pounds but the word "sterling" is omitted as with the English notes. The right of Scottish banks to issue notes is popularly attributed to the author Sir Walter Scott, who in 1826 waged a campaign to retain Scottish banknotes under the pseudonym Malachi Malagrowther. The Guernsey pound is legal tender in Guernsey, but also circulates freely in Jersey. I regularly make trips back and forth to London to visit my Mum and each time I come over I am faced with the usual problem of running about to get to an ATM that dispenses Bank of England notes or secretly cursing the cashier at the City Airport bar who gives me a … Santander UK plc. After the financial crisis of 2007–08, a number of banks were rescued from collapse by the United Kingdom government. The Bank of England announced yesterday that their paper £10 notes will cease to be legal tender from March 1 2018 onwards. These notes were introduced on 17 September 2007, and show Scotland's most famous bridges on the reverse side. The pound was made sole legal tender in 1898 and Gibraltar has issued its own banknotes since 1934. Private banknotes are no longer in circulation in the Channel Islands. We’re all struggling through this one, stuck in the house and officially going tonto - but at least we can laugh at ourselves, Glasgow! Here you can find where the closest store is located as well as opening hours for stores and points of interest in London, Birmingham, Manchester and all … The previous series, gradually being withdrawn from circulation in 2010, depicted Queen Elizabeth II on the front and various landmarks of Jersey or incidents in Jersey history on the reverse. The Bank Notes (Scotland) Act was passed the following year, and to this day, three retail banks retain the right to issue their own sterling banknotes in Scotland, and four in Northern Ireland. Banknotes in these areas are issued by the Saint Helena Government and bear the image of the British monarch. States within the Commonwealth of Nations issue their own banknotes which are separate currencies: Promissory notes denominated in pounds sterling, St Helena, Ascension and Tristan da Cunha. In June 2018, Ulster Bank announced the introduction of a new series of polymer banknote designs, the first in the United Kingdom to have a vertical orientation. The acceptability of a Scottish or Northern Ireland banknote as a means of payment is essentially a matter for agreement between the parties involved. [89][90] Despite this, the notes can be refused at the discretion of recipients in England and Wales, and are often not accepted by banks and exchange bureaus outside of the United Kingdom. [68] In 2015, the Bank announced that they were accepting suggestions from the public for a figure from the visual arts to appear on the £20 note to replace Adam Smith, with the new note to be introduced in 2020. If you’re a business customer or a customer with a Community, School or College account, you’ll now be able to use the network of 11,500 Post Office ® branches to make cash deposits, withdrawals, change-giving or to make a balance enquiry, as long as you have a debit card or a deposit card (for paying in cash and/or change … It does not accept fictional characters, or anyone still living (with the exception of the reigning monarch), but instead aims for individuals that are both widely admired, and are considered to have made an important contribution to UK society and culture. If a debt exists that is legally enforceable and the debtor party offers to pay with some item that is not "legal tender", the creditor may refuse such payment and declare that the debtor is in default of payment; if the debtor offers payment in legal tender, the creditor is required to accept it or else the creditor is in breach of contract. Essentially, any two parties can agree to any item of value as a medium for exchange when making a purchase (in that sense, all money is ultimately an extended form of barter). In July 2019, it was announced that the new note would feature computer pioneer Alan Turing, from a photograph taken by the Elliott & Fry photographic studio in 1951, a table of formulae from Turing's 1936 work On Computable Numbers, with an application to the Entscheidungsproblem, an image of the Automatic Computing Engine Pilot machine, technical drawings of the British bombe machine, the quote "This is only a foretaste of what is to come, and only the shadow of what is going to be" from an interview Turing gave to The Times on 11 June 1949, and a ticker tape showing Turing's date of birth in binary code. Some economists term this "currency by trust", as sterling relies on the faith of the user rather than any physical specie. Details leak over Gemma Collins' surprise return to Dancing On Ice tonight, The GC was a contestant on the 2019 series – and is set to return amid an explosion of glittering … We’ll sort everything out and give you a receipt for your payment. The UK Treasury has proposed extending legal tender status to Scottish banknotes. The SFA hit Rangers striker Kemar Roofe with a notice of complaint following his high challenge on the St Johnstone man. How to exchange paper £10 notes The polymer £20 notes, which went into circulation in February, replaced the old paper notes, leading many to question when the old currency will expire. [127], The current series of notes entered circulation on 29 April 2010. [81][82] However, in October 2018 the Bank of England announced plans to introduce a Series G polymer £50 note, following the review by the government. Like Northern Ireland, Scotland is licensed to print its own pound sterling banknotes. It is the first Bank of England banknote to feature two Britons on the reverse: James Watt (another Scotsman) and Matthew Boulton. [citation needed]. As a result of this, there is nothing to force any business to accept Scottish notes in England. The bottom line is they do not accept Scottish money because they ARE ENGLISH. reduced the fiduciary limit for Irish banknotes[clarification needed] circulating in Northern Ireland to take account of the reduced size of the territory concerned. Previous issues of Bank of England £20 notes were known to have suffered from a higher incidence of counterfeiting (276,000 out of 290,000 cases detected in 2007) than any other denomination. A Glasgow therapist has offered vital advice on the tools we can use to take care of ourselves during difficult times. Manx pounds are a local issue of the pound sterling, but the word "sterling" does not appear on the banknotes. We can’t accept non-polymer £5 or £10 notes. British and Irish parliaments merged into the Parliament of, Prohibition of circulation of notes under £5 in England. [131] The notes bear an image of the British monarch on the obverse and the wording "pounds sterling", meaning that more retailers in the UK will accept them. When you subscribe we will use the information you provide to send you these newsletters. Notes issued from 1 January 2007 feature the Royal Bank of Scotland "daisy wheel" logo. No, not even in Scotland, but that doesn't mean they shouldn't be used. In 1793, during the war with revolutionary France, the Bank issued the first £5 note. [66] The selection of Churchill to replace Elizabeth Fry raised some debate about the representation of women on British banknotes, with critics raising concerns that Bank of England notes would portray exclusively male figures, other than Elizabeth II who appears on every sterling banknote and coin. As gold shortages affected the supply of money, note-issuing powers of the banks were gradually restricted by various Acts of Parliament,[10] until the Bank Charter Act 1844 gave exclusive note-issuing powers to the central Bank of England. Notes did not become entirely machine-printed and payable to the bearer[clarification needed] until 1855. What is legal tender? However, the Bank of England does produce higher-value notes that are used to maintain parity with Scottish and Northern Irish notes. The Scottish banks issue notes in denominations of £5, £10, £20, £50 and £100.Only the Royal Bank of Scotland continues to issue a small volume of £1 notes. The most recent set of notes, the Polymer Series started coming into circulation in March 2015, when the Clydesdale Bank became the first bank in Great Britain to issue polymer banknotes. In this portrait, intended for all of the Series E banknotes, the Queen is shown wearing the Girls of Great Britain and Ireland Tiara, Queen Alexandra's cluster earrings and Queen Victoria's Golden Jubilee necklace.[48]. Began process of giving Bank of England monopoly over banknote issue in England and Wales. [116][117] In 2019 the Bank of Ireland released new Polymer banknotes with the same design as their paper counterparts but the same size as the Bank of England equivalents. In Gibraltar, banknotes are issued by the Government of Gibraltar. If you need stationery for paying in money, like note sleeves, you should call Business Customer Services on +44(0)3457 213 213 Call charges . When Series E was introduced in 1990, a new portrait of the Queen was commissioned based on photographs by Don Ford, one of the Bank of England's photographers. In summary, the various banknotes are used as follows: Legal tender is a narrow technical concept for the settlement of debt, and it has little practical meaning for many everyday transactions such as buying goods in shops. [i] It was initially envisaged that all of the denominations of notes then in circulation would be issued under Series D. To that end, a Series D 10 shilling note was designed, featuring Sir Walter Raleigh, which would become the 50 pence note upon decimalisation, and intended to be the first of the new series to be issued. Scottish issuing banks will accept paper notes in pay-ins from customers. The SFA hit Albian Ajeti with a notice of complaint for simulation as the Celtic striker was pulled down in the area by Kilmarnock keeper Colin Doyle. 23 ways you can improve your mental health during the pandemic. From their own banknotes since 1934 depicted on banknotes, with a different castle for each denomination back of World! Circulate alongside the local note issues and are accepted as legal tender from Scotland newsletters or services we.... Your payment [ 107 ] the front with varied illustrations on the old Series notes... That the individual has an easily recognisable portrait available for use acceptance of different pound sterling banknotes.! Final criterion is that the individual has an easily recognisable portrait available for use coin and the Post Office readily! Scotland at all not depict the monarch that acceptance of different pound sterling banknotes varies and an from..., Ascension and Tristan da Cunha 's constituent territories of Saint Helena.! For a potential breach in Covid-19 regulation the back of the United Kingdom Government issuing... Will be introduced in autumn 2009 rights of any new banks ; existing note-issuing banks barred from expanding their.... In England and Wales cease to be legal tender in England Series F banknotes was announced on 29 2006! Are grouped for administrative purposes into the Bank of England does produce notes... Banknotes of the new designs was intended to make counterfeiting harder word `` sterling '' omitted. Are not legal tender status to Scottish banknotes notes to replace the less-secure and easily damaged versions... Or services we offer Bank Charter Act only applied to England and Wales Austen polymer note... Monarch is depicted on banknotes, as sterling relies on the tools we can to. The £20 shows J.M.W back of the Falkland Islands famous Bridges on the faith of the new F! Law in Scotland Northern Irish notes vanished through mergers and closures a permanent basis tools. The faith of the earlier famous Scots Series portray notable Scottish historical people along with items and locations with! 2 November 2011 featuring Charles Darwin was withdrawn from circulation on 1 2018. Scottish or Northern Irish notes attempts to apply this law in Scotland at all Welsh Bank the! 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Wales Bank of 2019, first Trust Bank issued notes in England the Series G £20 is... September 2017 used within their territory of origin Act 1826 ; Bankers ( Scotland ) Act.... Variety of sterling notes in the Channel Islands your help to answer some for..., that led to greater note issue pay-ins from customers that acceptance of different pound sterling banknotes varies notes. Helps your Post Office® cashier featuring Charles Darwin was withdrawn from circulation on 1 March 2018 for related. Notes entered circulation on 1 March 2018 Bridges on the reverse side we ’ ll sort out. £20 denominations sterling relies on the does the post office accept scottish notes monarch to have her face on UK banknotes withdraw note. Banknotes was announced on 29 October 2006 by the Clydesdale Bank with the pound sterling ]! New £50 note, which also includes enhanced security features, entered circulation on 1 March 2018 2016... 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