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. The daughters gran was in Jersey last year & she forgot she had money left over. But it doesn’t mean they will be. The motto round the milled edge of Jersey pound coins was: Caesarea Insula ("island of Jersey" in Latin). Doesn't worry them. £20 - for any amount That’s because the Bank of England has said that old £20 notes are still being considered legal tender. 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. The UK unit of currency is pounds sterling (£), not the Euro.If you plan on visiting Britain, it's important to familiarize yourself with the UK currency, especially since new note and coin designs have been circulated between 2016 and 2018. Through this agreement, Jersey pounds are denominated in pound sterling and so can be exchanged with the equivalent sterling notes and coins. [citation needed] It can also be exchanged in other places using banks and bureaux de change. In order to comply with the very strict rules governing an actual legal tender transaction it is necessary, for example, to offer the exact amount due because no change can be demanded. Still have questions? The good news is that coins from the Royal Mint do have legal tender status north of the border - to a certain extent. The old style notes will continue to circulate alongside the new notes and will … Jersey is self-governing and has it own financial and legal systems and its own courts of law. 3 Currency notes to be legal tender. "I hope that this bill will encourage businesses across the UK to recognise and accept Scottish currency." Most people think it means the shop has to accept the payment form. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. Doesn't worry them. Currently, 20 pence pieces and 50 pence pieces are legal tender in amounts up to 10 pounds; 5 pence pieces and 10 pence pieces are legal tender in amounts up to 5 pounds; and 1 penny pieces and 2 pence pieces are legal tender in amounts up to 20 pence. Jersey. The old style notes will continue to circulate alongside the new notes and will be … I've not found anywhere that'll take them. A bank, post office or a bureau de change is probably your best bet. 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. Likewise for all other banknotes, it’s a matter of discretion. 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. What do you think of the answers? 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. British Pounds Sterling. These discontinued Jersey Pound bills belong to older series of the Jersey Pound, issued by the States of Jersey before 2010. Jersey banknotes can be exchanged like for like with other sterling banknotes. There is more to legal tender than the particular notes and coins offered, and the whole business is badly understood. no the jersey currency is not legal tender over here. If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. is a jersey pound coin legal tender in england? Debit cards, cheques and contactless aren’t legal tender anywhere. However, Scottish Bank notes are not Legal Tender, not even in Scotland. Convert your leftover withdrawn Jersey Pound banknotes to cash using our hassle-free online exchange service. We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. But they’d probably lose customers. 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. Bailiwick of Jersey 50p We exchange both Jersey Pound coins and banknotes, and we also accept withdrawn Jersey Pound notes. ...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. But that’s not the case. 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. 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. It's beyond time we give legal force to the well-known phrase 'that's legal tender, pal'. If your local bank, building society or post office won’t accept them, then you can exchange them with us. Luckily, each note is a different color, so it is easy to tell them apart when you're looking through your wallet. They have their own legislative and taxation systems and issue their own banknotes and coins. See our banknotes section for information on exchanging withdrawn banknotes, Scottish and Northern Ireland banknotes and other topics. 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. Join Yahoo Answers and get 100 points today. Jersey Pounds are legal tender only in the Bailiwick of Jersey, not in the United Kingdom. It may not be accepted in England but it is wrong to say that it is not accepted in the UK. 1 Interpretation. 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. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. 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. Many common and safe payment methods such as cheques, debit cards and contactless aren’t legal tender. 2. Will Royal Mail 48tracked Show its in my town before delivery.. Bank of England minted notes are legal tender in Jersey. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. [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. What do the British think of American accents? 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. Scottish notes are not legal tender (something that can be used to pay a legal debt) in England, … There is a common misconception about the term “legal tender”. What is an interesting fact about Preston, Lancs? Just wondering whether anyone from the UK forum has been to Jersey recently and knows how the currency works? Have you been to Weybridge in Surrey? It’s actually about settling debts rather than how you can pay for things. (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. You will find that Scotland and Northern Ireland accept the coin without any hassle. The UK's new 12-sided £1 coin is the only £1 coin that is legal tender in the Island. Remembering there is no legal tender in Scotland and NI anyway. No one will even notice with the coins. However, even though Jersey accepts both currencies, the UK does not consider the Jersey Pound legal tender. All £20 notes were withdrawn from legal tender last year, but people still trade with them, without problems. Yes. If your local corner shop decided to only accept payments in Pokémon cards that would be within their right too. No one will even notice with the coins. Jersey £1 coins ceased to be legal tender in Jersey on 15 October 2017 to coincide with the withdrawal of the circular £1 coin in the UK. Continue to 10 of 15 below. 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. They have £1 notes in Jersey though. Since 90s have Afghans been knocking on the doors of residents in Dover and all over Kent and asking for money? The plastic version, which features … 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. But again, it makes no difference in everyday life. ...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. I was recently in Gibraltar, where they accept UK pounds, but also have Gibraltar pounds, which look like ours, but have 'Gibraltar' on them. you can change the bank notes in any high street bank, but they won't take the coins. This is essentially a Jersey-based version of the British pound since it is not actually a separate currency. 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. And no it would not be like Texas or California having their own currency. 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. We usually give several months’ notice of the date we will withdraw a note. Thanks! They have £1 notes in Jersey though. Confused? Banks should take it at face value, though you may have to explain this to the teller :) 4 Right to receive other notes in exchange for currency notes. This morning I went to purchase a roll. English banknotes aren’t legal tender in Scotland. Post-1971 coins can be used anywhere. Our notes stop being legal tender when we withdraw them. You can use Bank of England notes in Jersey as they are legal tender, alongside the Guernsey pound and Scottish banknotes. 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. I thought a pound coin issued in England, Wales, Scotland, Northern Ireland, the Isle of Man, Jersey, Guernsey were all legal tender. [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 … 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. In England and Wales, it’s Royal Mint coins and Bank of England notes. 10 of 15. What’s classed as legal tender varies throughout the UK. Tender ” circulate alongside the Guernsey pound and Scottish banknotes are legal currency – i.e the daughters gran in. Coins offered, and 5 pounds sterling are legal tender ” and free of.! 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