Notes on Particular Currencies |
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These notes, which we will add to from time to time,
may be of interest when you travel to various parts of the world. We
would welcome comments and suggestions.
Currencies of The British IslesTravellers to some parts of the British Isles are sometimes perplexed by the types of paper money they find in use. It's really not that confusing.The basic rule is simple: the United Kingdom (England, Wales, Scotland and Northern Ireland) uses the Pound Sterling; the Republic of Ireland(or Eire, with Dublin as its capital) uses Euro notes and coins. In England and Wales the paper money in daily use is issued by the Bank of England. It comes in denominations of £5, £10, £20 and £50. This money will be accepted anywhere in the United Kingdom. Scotland uses its own paper money, issued by three Scottish banks in notes of £1, £5, £10, £20, £50 and £100, with designs depicting Scottish historical and literary figures. It is the money in everyday use, but Bank of England notes are also accepted, and of course have the same value. |
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| The six counties of Northern Ireland also
have their own paper money, which again is a Sterling currency with
the same value as the pounds used elsewhere in the U.K. Four banks
in Northern Ireland issue notes in denominations of £5, £10, £20,
£50 and £100. As in Scotland, Bank of England notes are also
accepted.
Distinctive paper money is also in use in each of Guernsey, Jersey and the Isle of Man. All of these banknotes are legal tender throughout the U.K., but as a practical matter you may find people reluctant to accept some of the less-familiar notes in places where they are not in daily use. Euro notes, in use in the Republic of Ireland, come in denominations of: €5, €10, €20, €50, €100, €200 and €500. COINS: The same coinage is used everywhere in the U. K. Euro coins are used in the Republic of Ireland. Wellington Foreign Exchange regularly carries, and buys, the paper money of the Bank of England and the Euro. We usually also have the money of Scotland and Northern Ireland on hand, and are of course ready to buy it. We are prepared to buy the larger British and Euro coins, at a discount, and usually have some available for sale, at a lower rate than paper money. We will be pleased to try to fill any special requirements you may have for any of these currencies, and to answer any questions you may have. The Euro - €Thirteen of the twenty-seven member countries of the European Union have adopted a common currency known as the Euro. The thirteen Euro countries are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia and Spain; three other members of the E.U., Britain, Denmark and Sweden, have chosen not to participate at the present time. As of January 1, 2008, Cyprus and Malta will start to use the Euro.The new currency has been in use since January 1, 2002. Notes of the former currencies of some of the thirteen countries are exchangeable for Euros at that country's central bank. A few countries will exchange their old currencies for Euros in this way indefinitely, but most have set deadlines of a few years, with shorter periods for coins. CUSTOMERS PLEASE NOTE: We are able to buy notes of some of the former currencies, but are not able to make a straight exchange, cost free, between the old and new currencies - that may be possible only in the 13 Euro countries. We also buy and sell Euro coins, from the 10 cent coin upward, at rates lower than those for paper money. Further information can be found at www.europa.eu.int/euro/ |
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