What happens to money when the Queen stands down?

To make it possible for the note-issuing banks to hold equivalent values in Bank of England notes, the Bank of England issues special notes with denominations of one million pounds ("Giants") and one hundred million pounds ("Titans") for internal use by the other banks.

Crikey.
 
I bet you have never tried to spend a Scottish note anywhere outside of Scotland... :p

I most certainly have - I think you may be making reference to the skit in a comedian's routine about it, not sure who it is though.

I'm rarely anywhere in England but London, but I've never had a note refused there.
 
I most certainly have - I think you may be making reference to the skit in a comedian's routine about it, not sure who it is though.

Michael MacIntyre does a skit on this subject.

*You naughty boy!*

And usually the most you'll get from any cashier is a slightly confused look regarding the Scottish note before they accept it.
 
I've never been refused a Scottish note outside Scotland.

I have.....I was told by a large well know retailer that a RBS or Bank of Scotland note was acceptable, but a Clydesdale bank one was not......there policy rather than a standard one.

Also I don't think anywhere takes pound notes.....if Scotland even have pound notes themselves anymore.
 
What a waste of money.

two good reasons to get rid of old notes/coins and make new ones

the first, as has been said, is that they dont live forever, especially bank notes.

the second is that, over time, more and more forgeries make it into the system. a couple of years ago i watched a program (possibly panorama, horizon or watchdog) where someone who clearly knew what they were talking about claimed that just under 5% of £1 coins were fake.

replacing the designs every now and then makes it a harder life for people making fake coins and notes
 
I have.....I was told by a large well know retailer that a RBS or Bank of Scotland note was acceptable, but a Clydesdale bank one was not......there policy rather than a standard one.

Also I don't think anywhere takes pound notes.....if Scotland even have pound notes themselves anymore.
Not seen a £1 note in years now, they're still issued apparently!
 
I want one of those......
I want to try and use one in a vending machine.
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