Roll_With_It_Russ wrote:
As for legal tender, the only uk currency that is, £1 and £2 and £5 pound coins, every thing else is in effect an IOU or bank credit.
Incorrect. English notes are legal tender. Lower coins are also legal tender, although only up to certain amounts.
RM is hardly going to say notes are worthless, but legally a promise to pay is only as good as the issuer, you have the pounds then you can't be done, you have the notes, which are as much a lie as bank credit then you don't.
One day the pound will be worthless anyway, happens every few decades with modern currencies.
I came back from Scotland just over a year ago with well in excess of a couple of bags,
went Blackpool on the rebound and after splitting the scot notes started playing with them,
in the servos and then Blackpool, not one note was rejected in any machine including the bigger
places such as Coral Island etc so i can't see them being in and way illegal but I have heard of pubs
in England refusing them a bit like some refuse English £50's.
Roll_With_It_Russ wrote:All scottish money is not really worth anything, issued by the bank of scotland, which is bust now, so its worth nothing, but its the same as any other promisary notes, only worth what people have faith in.
As for legal tender, the only uk currency that is, £1 and £2 and £5 pound coins, every thing else is in effect an IOU or bank credit.
RBS? Clydesdale? Wish somebody would've told me sooner BOS was bust, might not bother paying back my overdraft now. As for machines paying out Jock notes, lucky you, I can barely get them to accept them and this is in Fife.
