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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. Equally, traders may offer to accept payment in foreign currency, such as the euro, yen, or US dollars.
Twenty pounds (United Kingdom) Value: £20 sterling Width: 139 mm: Height: 73 mm: Security features: See-through windows the larger one with a purple border and the King's/Queen's portrait, blue and gold foil on the front, silver foil on the back in the shape of Margate lighthouse, smaller window at the bottom right corner, raised dots, finely detailed round purple metallic image containing ...
6d. £0.025. 1547–1970; circulated from 1971 to 1980 with a value of two and a half decimal pence. Also called "tanner", sometimes "tilbury", [4] or "joey" after the groat was no longer in circulation. [citation needed] Shilling. 1/-. £0.05. 1502–1970, circulated from 1971 to 1990 with a value of five decimal pence.
The Bank of England held money on behalf of other countries and issued Treasury bills to cover such deposits, on Bank of England paper. Examples include a note issued in London on behalf of the Royal Romanian Government on 21 January 1915, payable on 21 January 1916, for £500,000, and a similar Treasury bill, dated 22 April 1927 and payable on ...
Intelligent banknote neutralisation system. An intelligent banknote neutralisation system ( IBNS) is a security system which protects valuable items by rendering them unusable or easily detectable if an unauthorised individual tries to gain access to them. Dye packs are commonly used to safeguard currency against bank robberies in this manner ...
The pound ( sign: £) is the main unit of sterling, [4] and the word pound is also used to refer to the British currency generally, [5] often qualified in international contexts as the British pound or the pound sterling. [4] Sterling is the world's oldest currency in continuous use since its inception. [6]
The Bank of England 10 shilling note (notation: 10/– ), colloquially known as the 10 bob note, was a sterling banknote. Ten shillings in £sd (written 10s or 10/–) was half of one pound. The ten-shilling note was the smallest denomination note ever issued by the Bank of England. The note was issued by the Bank of England for the first time ...
The Bank of England £50 note is a sterling banknote. It is the highest denomination of banknote currently issued for public circulation by the Bank of England. [note 1] The current note, the second of this denomination to be printed in polymer, entered circulation on 5 June 2024. [1] It bears the images of King Charles III and late Queen ...