Notes will vary. Legal tender. 2. In this Order, the “Law” means the Decimal Currency (Jersey) Law 1971 [2].. 2 Additional category of coins specified as legal tender (1) Coins of the denomination of £1 and of the description set out in paragraph (2) which are issued in a manner described in Article 4(1) of the Law shall be legal tender for the payment of any amount. What is an interesting fact about Preston, Lancs? However, even though Jersey accepts both currencies, the UK does not consider the Jersey Pound legal tender. It’s actually about settling debts rather than how you can pay for things. United Kingdom Dependent Territories, for example, the Channel Islands, Isle of Man and Gibraltar have their own legislative and taxation systems and issue their own banknotes and coins. I was recently in Gibraltar, where they accept UK pounds, but also have Gibraltar pounds, which look like ours, but have 'Gibraltar' on them. There is more to legal tender than the particular notes and coins offered, and the whole business is badly understood. There are however some shops that list prices and will accept payment in Euros. Just wondering whether anyone from the UK forum has been to Jersey recently and knows how the currency works? "I hope that this bill will encourage businesses across the UK to recognise and accept Scottish currency." [2] Coins and banknotes do not need to be 'legal tender' in order to be used as money to buy and perform other transactions for which money is intended. In fact, no banknote whatsoever (including Bank of England notes!) Yes. These discontinued Jersey Pound bills belong to older series of the Jersey Pound, issued by the States of Jersey before 2010. Is this right? In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. The Guernsey pound, and other notes denominated in pound sterling (including those issued by the Bank of England, Scottish, Manx and Northern Irish notes and the Jersey pound) may be used in Guernsey.The Guernsey pound is legal tender only in the Bailiwick of Guernsey although it also circulates freely in Jersey, while in the UK acceptance is often problematic. Banknotes issued by seven UK banks are legal currency and can be accepted throughout the UK. £50 - for any amount. It means that if you offer to fully pay off a debt to someone in legal tender, they can’t sue you for failing to repay. However, they are only legal tender within the Crown Dependencies themselves. NEW polymer £20 notes were issued on February 20, 2020, however, the old paper notes can still be used for now. Is it safe for ethnic minorities  to travel and live within the United Kingdom ? What’s classed as legal tender varies throughout the UK. The motto round the milled edge of Jersey pound coins was: Caesarea Insula ("island of Jersey" in Latin). The Jersey notes are not deemed legal tender in the United Kingdom but are legal currency, so creditors and traders may accept them if they so choose. The Isle of Man has a unique constitutional relationship with the United Kingdom which enables it to elect its own Government, make its own laws, levy its own taxes and control expenditure. The United Kingdom legislation that introduced the 1 pound coin left no United Kingdom-wide legal tender banknote. Manx currency - coins and notes. Sorry, no it isn't. Luckily, each note is a different color, so it is easy to tell them apart when you're looking through your wallet. Bank of England minted notes are legal tender in Jersey. In the United Kingdom, only coins valued 1 pound Sterling and 2 pounds Sterling are legal tender in unlimited amounts throughout the territory of the United Kingdom. The legacy Jersey Pound notes and pre-decimal Jersey Shillings are no longer a valid means of payment in the Bailiwick of Jersey or elsewhere in the Channel Islands. Jersey is a British Crown Dependency, and is defended and internationally represented by the UK government. The Royal Mint: the new pound coin. Subject to the provisions of Article 5, currency notes shall be legal tender in Jersey. [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 … Jersey. Get answers by asking now. ...The Guernsey pound is legal tender only in Guernsey but also circulates freely in Jersey and is acceptable in most places in the U.K. which will accept Scottish and Northern Irish notes. UK Banks should change Jersey currency as it's the same type of tender as Scottish/Irish/IoM, which I believe is classed as 'acceptable tender' rather than 'legal tender' (Legal tender is purely from the Bank of England, Scottish notes aren't even technically legal tender in Scotland!). Twenty pence pieces and fifty pence pieces are legal tender in amounts up to 10 pounds; five pence pieces and ten pence pieces are legal tender in amounts up to 5 pounds; and pennies and two pence coins are legal tender in amounts up to 20 pence. So it is a case of someone being sympathetic and helping you out, there is no legal duty for anyone in the UK to accept your Jersey bank note. We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. Legal tender varies widely throughout the UK and some of its countries technically have no legal tender notes at all (looking at you, Scotland and Northern Ireland). But that’s not the case. Compared to UK issued coins, Jersey coinage ... it almost 5 times RARER than the 2011 Edinburgh £1 which holds the proud title as the rarest and most sought after UK pound ever struck for circulation in the UK. This is essentially a Jersey-based version of the British pound since it is not actually a separate currency. Inforamtion on Manx currency - coins and notes. Using old bank notes. In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. Jersey currency is not legal tender outside Jersey, but it is acceptable as tender, as opposed to legal tender, within the United Kingdom, and can be exchanged at UK banks on a one for one basis. There is a common misconception about the term “legal tender”. No one will even notice with the coins. Banks should take it at face value, though you may have to explain this to the teller :) Bailiwick of Jersey 50p The only legal tender in Scotland is £1 and £2 coins. However, they are not legal tender in Scotland and Northern Ireland. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. We use necessary cookies to make our site work (for example, to manage your session). But they’d probably lose customers. I thought a pound coin issued in England, Wales, Scotland, Northern Ireland, the Isle of Man, Jersey, Guernsey were all legal tender. However, in reality this means that most staff who work in stores wont have ever seen a Jersey note, which generally means they will refuse to take them as payment. you can change the bank notes in any high street bank, but they won't take the coins. This morning I went to purchase a roll. 3 Currency notes to be legal tender. Doesn't worry them. See our banknotes section for information on exchanging withdrawn banknotes, Scottish and Northern Ireland banknotes and other topics. Jersey currency is not legal tender in the UK, although it is a legal currency. If your local corner shop decided to only accept payments in Pokémon cards that would be within their right too. No, I'm afraid that it is not: Jersey is not a part of the United Kingdom, but is a part of Great Britain. Thanks! The States of Jersey took the opportunity to redesign the notes and highlight different aspects of Jersey's diverse architecture, history and culture at the same time. Jersey uses Pound sterling (GBP) as their currency and is legal currency in Britain and is at par value with English, Scottish, Welsh, and Northern Irish notes. Press Spacebar or Enter to select. I am assuming that Jersey pounds are not legal tender in England (like Scottish pounds) - but may be wrong about that. The vendor wouldn't accept a pound coin as it was from Jersey. Confused? Will Royal Mail 48tracked Show its in my town before delivery.. [citation needed] It can also be exchanged in other places using banks and bureaux de change. A care home manager has been ordered by a judge to pay a total of £1,118.62 after he tried to settle an £804 debt to his accountant with five crates of … If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. The legal position with regard to Scottish Banknotes is as follows: Scottish Banknotes are legal currency – i.e. In the United Kingdom, only coins valued 1 pound Sterling and 2 pounds Sterling are legal tender in unlimited amounts throughout the territory of the United Kingdom. ... No shop or person anywhere in the UK is obliged to accept any “legal tender”. The States of Jersey has no plans to issue a new £1 coin but will instead rely on the local £1 note and the new issue of UK £1 coins. (Confusing, eh?). Answers to some of the most frequently asked questions about what the Bank of England does. MORE than £120million worth of old pound coins are still missing three years after they stopped being legal tender. All currency minted and issued are pound sterling denomination. [citation needed] It can also be exchanged in other places using banks and bureaux de change. But it doesn’t mean they will be. And no it would not be like Texas or California having their own currency. The currency in Jersey is the Jersey pound, ... Also, UK residents shouldn't need to panic about changing Jersey money, as although it isn't legal tender in the UK, I believe it is classed as acceptable tender. Yes. What do the British think of American accents? British Pounds Sterling. But again, it makes no difference in everyday life. Households are being warned to spend or bank all their round pound coins before October, when they will cease to be legal tender. Through this agreement, Jersey pounds are denominated in pound sterling and so can be exchanged with the equivalent sterling notes and coins. English banknotes aren’t legal tender in Scotland. A bank, post office or a bureau de change is probably your best bet. Our online exchange service is quick, easy, secure and free of charge. 10 of 15. Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. All £20 notes were withdrawn from legal tender last year, but people still trade with them, without problems. More than a year after they ceased to be legal tender, there are still £1.5bn-worth of paper £5 and £10 notes that haven’t been cashed in. These, in common with United Kingdom coins, bear the portrait of Her Majesty The Queen. These, in common, with United Kingdom coins bear the portrait the Queen but they are only legal tender within the territory itself. She gave my oldest daughter a £10 Jersey bank note last week that has the queens head on it,but because it does not say Sterling,the bank said they can't accept it. The Houblon £50 note was introduced in April 2014 but is no longer legal tender. Likewise for all other banknotes, it’s a matter of discretion. Are British people so obsessed with Stonehenge ? What did you think of it? What do you think of the answers? The only legal tender in Scotland is £1 and £2 coins. We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. However the Jersey pound is also legal tender here. We usually give several months’ notice of the date we will withdraw a note. The plastic version, which features … These discontinued Jersey Pound bills belong to older series of the Jersey Pound, issued by the States of Jersey before 2010. Many people are confused about what legal tender means. Will British pubs actually seize to exist en masse in 2021? That’s because the Bank of England has said that old £20 notes are still being considered legal tender. Twenty pence pieces and fifty pence pieces are legal tender in amounts up to 10 pounds; five pence pieces and ten pence pieces are legal tender in amounts up to 5 pounds; and pennies and two pence coins are legal tender in amounts up to 20 pence. Nobody will accept them (Bureau de change etc) other than back in Gibraltar, so I wonder if they are legal tender anywhere other than in Gibraltar. they are approved by the UK Parliament. Continue to 10 of 15 below. The Bank of England says 94 million paper tenners and 118 million paper fivers haven’t been handed in, even though they can still be exchanged at face value. You may disable these by changing your browser settings, but this may affect how the website functions. The Guernsey pound, and other notes denominated in pound sterling (including those issued by the Bank of England, Scottish, Manx and Northern Irish notes and the Jersey pound) may be used in Guernsey.The Guernsey pound is legal tender only in the Bailiwick of Guernsey although it also circulates freely in Jersey, while in the UK acceptance is often problematic. No one will even notice with the coins. Most people think it means the shop has to accept the payment form. Jersey does not have its own currency, it is in joint union with the United Kingdom. The old style notes will continue to circulate alongside the new notes and will be … withdrawn Jersey Pound banknotes Exchange yours now. Shane Bissett, the Royal Mint’s director of commemorative coin, said: “All our UK £5 coins are legal tender as defined by the Coinage Act 1971. You can sign in to give your opinion on the answer. Using old bank notes. You don't mean "legal tender". Convert your leftover withdrawn Jersey Pound banknotes to cash using our hassle-free online exchange service. (2) All bank notes issued under this section shall be legal tender in England and Wales, and all such notes of denominations of less than five pounds shall be legal tender in Scotland and Northern Ireland. The pound is worth a pound in Jersey! The old style notes will continue to circulate alongside the new notes and will … Necessary cookies enable core functionality on our website such as security, network management, and accessibility. Doesn't worry them. Jersey Pounds are legal tender only in the Bailiwick of Jersey, not in the United Kingdom. In England and Wales, it’s Royal Mint coins and Bank of England notes. They have £1 notes in Jersey though. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. The States Assembly is made up of 49 elected members. I Live in Jersey & we accept English, Irish (sterling) & Scottish currency, but unfortunately when we travel to the U.K. they don't accept our coins or notes. Basically you can spend Scottish & Irish money anywhere in the UK as it is a legal tender denominated and backed by sterling the currency the bank of England notes are issued in. The States of Jersey took the opportunity to redesign the notes and highlight different aspects of Jersey's diverse architecture, history and culture at the same time. She gave my oldest daughter a £10 Jersey bank note last week that has the queens head on it,but because it does not say Sterling,the bank said they can't accept it. The good news is that coins from the Royal Mint do have legal tender status north of the border - to a certain extent. 1 Interpretation. Is it like Scotland where you can pay in GBP and then they give you the change in Jersey pounds? Remembering there is no legal tender in Scotland and NI anyway. Our notes stop being legal tender when we withdraw them. Let us help you out. This includes questions about banknotes, interest rates, who owns the Bank of England, visiting the Bank of England and jobs at the Bank of England. (3) Bank notes shall be payable only at the head office of the Bank of England unless expressly made payable also at some other place. He said: “Scottish notes are not legal tender anywhere in the UK, they are legal currency and I would encourage shopkeepers to accept them right across the UK, but they’re not legal tender.” Scottish notes are not legal tender (something that can be used to pay a legal debt) in England, … Many common and safe payment methods such as cheques, debit cards and contactless aren’t legal tender. I've not found anywhere that'll take them. Get paid fast for your unused currency from Jersey. Their right too we will withdraw a note has no use in everyday life such as security, network,! 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The island of Jersey uses the British pound as its official currency. banknotes issued by the States is... And internationally represented by the States of Jersey pound banknotes to cash using our hassle-free online exchange service is,. These cookies work please see our Cookie policy UK forum has been to recently. Are pound sterling and so can be accepted throughout the UK is obliged to accept the coin any.