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The Royal Bank Of Scotland £50 Note
The Royal Bank of Scotland £50 note is a sterling banknote. It is the second largest denomination of banknote issued by the Royal Bank of Scotland. The current polymer note, first issued in 2021 bears an image of Flora Stevenson on the obverse and two ospreys, a mackerel and lady's bedstraw on the reverse. History The Royal Bank of Scotland began issuing £50 notes in 1727, the same year as the bank's founding. Early banknotes were monochrome, and printed on one side only. The issuing of banknotes by Scottish banks was regulated by the Banknote (Scotland) Act 1845 until it was superseded by the Banking Act 2009. Though strictly not legal tender in Scotland, Scottish banknotes are nevertheless legal currency and are generally accepted throughout the United Kingdom. Scottish banknotes are fully backed such that holders have the same level of protection as those holding genuine Bank of England notes. The £50 note is currently the second largest denomination of banknote issued ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound (currency)
Pound is a name of various units of currency. It is used in some countries today and previously was used in many others. The English word "pound" derives from the Latin language, Latin expression , "a pound by weight", in which means 'scale' or 'balance' and means 'pound' or 'weight'. The currency's Pound sign, symbol is £, a stylised form of the blackletter 'L' (\mathfrak) (from ), crossed to indicate abbreviation. Pound sterling#History (600 to 1945), The term was adopted in England from the weight of silver used to make 240 pennies, and eventually spread to British colonies all over the world. Although silver penny mintage began seven centuries earlier, the first pound coin was minted under Henry VII of England, Henry VII in 1489. Countries and territories currently using currency units named "pound" Historical currencies * Australian pound (until 1966, replaced by the Australian dollar). The Australian pound was also used in the Gilbert and Ellice Islands, Nauru, New H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender
Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal cheque, checks, credit c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknotes Of Scotland
Banknotes of Scotland are the banknotes of the pound sterling that are issued by three Scottish retail banks (Bank of Scotland, the Royal Bank of Scotland and Clydesdale Bank) and in circulation in Scotland. The Bank of Scotland, the oldest bank operating in the country, was the first bank in Europe to successfully print its own banknotes in 1695. The issuing of banknotes by retail banks in Scotland is subject to the Banking Act 2009, which repealed all earlier legislation under which banknote issuance was regulated, and the Scottish and Northern Ireland Banknote Regulations 2009. Currently, three retail banks are allowed to print notes for circulation in Scotland: Bank of Scotland, Royal Bank of Scotland, and Clydesdale Bank. Scottish banknotes are unusual, first because they are issued by retail banks, not government central banks, and second, because they are not legal tender anywhere in the United Kingdom. Scottish bank notes are not legal tender even in Scotland, where, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Polymer Banknote
Polymer banknotes are banknotes made from a synthetic polymer such as biaxially oriented polypropylene (BOPP). Such notes incorporate many security features not available in paper banknotes, including the use of metameric inks. Polymer banknotes last significantly longer than paper notes, causing a decrease in environmental impact and a reduced cost of production and replacement. Modern polymer banknotes were developed by the Reserve Bank of Australia (RBA), Commonwealth Scientific and Industrial Research Organisation (CSIRO) and The University of Melbourne. They were first issued as currency in Australia during 1988 (coinciding with Australia's bicentennial year); by 1996, the Australian dollar was switched completely to polymer banknotes. Romania was the first country in Europe to issue a plastic note in 1999 and became the third country after Australia and New Zealand to fully convert to polymer by 2003. Other currencies that have been switched completely to polymer bankno ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newsround
''Newsround'' (stylised as ''newsround'') is a BBC children's news programme, which has run continuously since 4 April 1972. Originally ''John Craven's Newsround'', it was one of the world's first television news magazines aimed specifically at children. Initially commissioned as a short series by BBC Children's Department, who held editorial control, its facilities were provided by BBC News. Broadcast on CBBC, the programme is aimed at 5 to 15-year-olds. History Originally ''John Craven's Newsround'', it was first presented by John Craven between 4 April 1972 and 22 June 1989. Originally, stand-in presenters, such as Richard Whitmore, came from the main BBC News bulletins. In 1987, the show was renamed ''Newsround'', and was presented by a rotating team including Craven in the dual role of chief presenter and programme editor. The programme gradually developed its own small reporting team, including Helen Rollason, Lucy Mathen, and long-serving space editor Reg Turnill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inverness Castle
Inverness Castle () sits on a cliff overlooking the River Ness in Inverness, Scotland. A succession of castles have stood on this site since 1057, although the present structure dates from 1836. The present structure is a Category A listed building. History Medieval history A succession of castles have stood on this site since 1057. The castle is said to have been built by Malcolm III of Scotland (Máel Coluim mac Donnchada). The first chief of Clan Mackintosh, Shaw Macduff is said to have been appointed constable of Inverness Castle by Malcolm IV in 1163 after assisting the king in putting down a rebellion in Moray. The first Inverness Castle was partially destroyed by King Robert I of Scotland in 1307 who razed its battlements to the ground. In 1428, James I, in his effort to bring the Highlanders to heel, summoned fifty clan chiefs to a parley at Inverness Castle. However, "where the Parliament was at the time sitting, they were one by one by order of the King arrested, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dundas House
Dundas House is a Neoclassical building in Edinburgh, Scotland. It is located at 36 St Andrew Square, in the city's first New Town. The building was completed in 1774 as a private town house for Sir Lawrence Dundas by the architect Sir William Chambers. Much altered internally and extended over the years, today it is the registered office of the Royal Bank of Scotland and its parent, NatWest Group and is protected as a category A listed building. Background The site was previously occupied by a rural tavern known as "Peace and Plenty". This stood on the road from Edinburgh to Stockbridge, later called Gabriels Road, and still extant at its extremities. When the town council made plans for a New Town drawn up by James Craig in 1767, the site of Dundas House was shown as a proposed church, St. Andrew's (hence the name of the square), acting as a counterpart to St. George's Church on what became Charlotte Square (originally to be called George Square but another scheme to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Archibald Campbell, 3rd Duke Of Argyll
Archibald Campbell, 3rd Duke of Argyll, 1st Earl of Ilay, (June 1682 – 15 April 1761) was a Scottish nobleman, politician, lawyer, businessman, and soldier. He was known as Lord Archibald Campbell from 1703 to 1706, and as the Earl of Ilay from 1706 until 1743, when he succeeded to the dukedom. He was the dominant political leader in Scotland in his day, and was involved in many civic projects. Early life and career Born at Ham House, Petersham, Surrey, he was the second son of Archibald Campbell, 10th Earl and 1st Duke of Argyll (1658–1703) and his wife Elizabeth, eldest daughter of Sir Lionel Tollemache, 3rd Baronet of Helmingham, Suffolk. He was the first cousin once removed of Lord William Campbell. He was educated at Eton College and later at the University of Glasgow and Utrecht University, where he studied civil law. On his father being created a Duke in 1703 he joined the army, and served for a short time under the Duke of Marlborough. He was appointed Lord ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of England Note Issues
The Bank of England, which is now the central bank of the United Kingdom, British Crown Dependencies and British Overseas Territories, has issued banknotes since 1694. In 1921 the Bank of England gained a legal monopoly on the issue of banknotes in England and Wales, a process that started with the Bank Charter Act 1844, when the ability of other banks to issue notes was restricted. Banknotes were originally hand-written; although they were partially printed from 1725 onwards, cashiers still had to sign each note and make them payable to someone. Notes were fully printed from 1855. Since 1970, the Bank of England's notes have featured portraits of British historical figures. Of the Banknotes of the pound sterling, eight banks authorised to issue sterling notes in the UK, only the Bank of England can issue banknotes in England and Wales, where its notes are legal tender. Bank of England notes are not legal tender in Scotland and Northern Ireland, but are always accepted by tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking Act 2009
The Banking Act 2009 (c. 1) is an act of the Parliament of the United Kingdom that entered into force in part on the 21 February 2009 in order, amongst other things, to replace the Banking (Special Provisions) Act 2008. The Act makes provision for the nationalisation of banks, amends the law on bank insolvency and administration, and makes provision about the Financial Services Compensation Scheme. It also makes provision about the regulation of inter-bank payment schemes (e.g. BACS), amends the law on the issue of banknotes by Scottish and Northern Irish banks, and makes other miscellaneous amendments to the law on banking. Banknotes Part 6 of the Act specifically deals with the right of certain commercial banks in Scotland and Northern Ireland to issue their own private banknotes, repealing the Bank Notes (Scotland) Act 1845, the Bankers (Ireland) Act 1845 and the Bankers (Northern Ireland) Act 1928. The 2009 Act empowers HM Treasury to control banknote issue more strict ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
