Board-Ansicht
Mix-Ansicht- Schottisches Geldwesen - für Geniesser - Bob, 08.10.2002, 10:54
Schottisches Geldwesen - für Geniesser
-->Currency and legal tender
All Scottish banks have the right to print their own notes
, and that should their insistence on"legal tender" have been supported, it would have resulted in the bill being paid entirely in coins, which would have been a nonsense; stopping short of saying that the council would have been"cutting off their nose to spite their face", but seeming to hint at it.
For tourists: You can spend Scottish notes in England and they are exactly equivalent to their English counterpart on a one for one commission free basis. If changing Sterling abroad, do not accept an inferior rate for changing Scottish notes than is being offered for English notes as the two are equivalent. You are very unlikely to encounter problems spending Scottish money in England, I did it for many years and was never refused.
The definition of legal tender is something which is acceptable as payment of a debt. If you pay using legal tender, the other person has no recourse to chase you for payment. As part of the Skye Road Bridge tolls protest, people have paid in small coins using the greatest number of small denomination coins which constituted legal tender. Using entirely 1ps for instance would not have been legal tender and could have been refused. (This definition is a simplification, see the Currency section of"Halsbury's Laws of England" for a full legal definition.)
Britain came off the Gold Standard more than 60 years ago. The Scottish banks are allowed to issue a relatively small amount without backing, and the remainder of their issue has to be backed by Bank of England notes to the same value. So the BofE goes bust, the others go with it.
Thread gesperrtgesamter Thread:
