Currency in Scotland
Mar 9th, 2011, 07:33 AM
#4
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Mar 9th, 2011, 07:48 AM
#5
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there is no difference at all in the coins ,and notes are interchangeable,,it is difficult/ nearly impossible to exchange Scottish notes in other countries though.just use them up before you leave ,or post them to me i can always use a few pounds.
Mar 9th, 2011, 07:53 AM
#6
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If you get Scottish pounds from an ATM and you think that you will have some bills leftover by the time you leave Scotland, just walk into a bank and ask to exchange your Scottish pounds to Bank of England pounds.
Mar 9th, 2011, 08:11 AM
#7
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"they also print their own "
Not quite. Three "Scottish" banks issue "their own": the Bank of Scotland (owned by the English Lloyds Banking Group), the Royal Bank of Scotland (owned by the British taxpayer) and Clydesdale Bank (owned by the National Australia Bank).
The "Northern Irish" banks that issue banknotes are also all owned by the National Australia Bank, by the governments of the British or Irish Republic or by shareholders in the Irish Republic.
As far as I'm aware, there are no banknote printers in Scotland or Northern Ireland: all the actual printing is outsourced.
This bizarre arrangement is generally justified on the grounds that the people of Scotland and Northern Ireland get a patriotic frisson from it.
Not quite. Three "Scottish" banks issue "their own": the Bank of Scotland (owned by the English Lloyds Banking Group), the Royal Bank of Scotland (owned by the British taxpayer) and Clydesdale Bank (owned by the National Australia Bank).
The "Northern Irish" banks that issue banknotes are also all owned by the National Australia Bank, by the governments of the British or Irish Republic or by shareholders in the Irish Republic.
As far as I'm aware, there are no banknote printers in Scotland or Northern Ireland: all the actual printing is outsourced.
This bizarre arrangement is generally justified on the grounds that the people of Scotland and Northern Ireland get a patriotic frisson from it.
Mar 9th, 2011, 08:13 AM
#8
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If you get Scottish pounds from an ATM and you think that you will have some bills leftover by the time you leave Scotland, just walk into a bank and ask to exchange your Scottish pounds to Bank of England pounds.
If you're going back to England this should be unnecessary
If you're going back to England this should be unnecessary
Mar 9th, 2011, 08:24 AM
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>We were in Edinburgh with English friends who clearly were worried that Scottish money would not be accepted in Cambridge, UK.<
Your English friends are just unfamiliar with them. Most places accept Scottish notes although they aren't obliged to do so.
I'll normally hit a LloydsTSB or Barclays ATM before heading down south but if I forget I rarely have anything other than a quizzical look from staff. For the average tourist it's easier just changing remaining Scottish notes before leaving and avoiding any worry.
Your English friends are just unfamiliar with them. Most places accept Scottish notes although they aren't obliged to do so.
I'll normally hit a LloydsTSB or Barclays ATM before heading down south but if I forget I rarely have anything other than a quizzical look from staff. For the average tourist it's easier just changing remaining Scottish notes before leaving and avoiding any worry.
Mar 9th, 2011, 12:06 PM
#13
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"I'll normally hit a LloydsTSB or Barclays ATM before heading down south"
All the LloydsTSB ATMs I've encountered in Scotland only issue Scottish notes - Barclays, HSBC & NatWest ATMs issue Bank of England notes, as do the ones at main train stations and airports
All the LloydsTSB ATMs I've encountered in Scotland only issue Scottish notes - Barclays, HSBC & NatWest ATMs issue Bank of England notes, as do the ones at main train stations and airports
Mar 9th, 2011, 12:11 PM
#14
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"This bizarre arrangement is generally justified on the grounds that the people of Scotland and Northern Ireland get a patriotic frisson from it."
Nope it's because Scotland has a separate legal system from England and the rules are different. In England only banks with a Royal Charter can print banknotes whereas in Scotland all banks are allowed to print banknotes - though only three do.
Nope it's because Scotland has a separate legal system from England and the rules are different. In England only banks with a Royal Charter can print banknotes whereas in Scotland all banks are allowed to print banknotes - though only three do.
Mar 9th, 2011, 12:19 PM
#15
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Everybody's covered it...usually the day I leave Scotland I ask the cashier at my hotel if he or she can exchange Scottish notes for Bank of England notes; never a problem. Interestingly enough, the coins are the same. I beleve they come from the Royal Mint and they are the same whether you're in England, Scotland and/or Northern Ireland (unlike euro coins which have on the bak different pictures depending on where the coin was struck).
