Knowing this in advance will save you a lot of confusion. And one million pounds can be called ‘a million quid’. So, for example, £1 can be called ‘a quid’. Local people throughout the UK like calling pounds by the name of ‘quid’. In case you’re confused, there are 100p (or 100 pennies, or 100 pence, depending on who you’re talking to) in £1. Because there are coins worth up to £2, it’s possible to make lots of transactions purely with coins. It’s possible to find £1 notes in Scotland, but these are very rare.įor reference, £1 is equivalent to around $1.29 USD at the time of writing ( check the updated exchange rate here).Ĭompared to most other countries in the world, there’s a pretty big coin currency in Scotland. The £50 note is relatively hard to find, while the £100 note is unique in that England doesn’t produce a note of similar value. It’s easy to recognize Scottish banknotes by their colour: And Scotland also has the following notes: £5, £10, £20, £50 and £100. Scotland has the following coins: 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2. What Scottish Banknotes and Coins Are There? Likewise, it’s best to use English banknotes in England and Wales, and it’s best to use Northern Irish banknotes in Northern Ireland. The latter of which are used in both England and Wales.Īll three types of banknotes can be used in Scotland, but it’s best to use Scottish banknotes if you can. There are three types of banknotes in the UK: But though the Scottish currency is the same currency used in all four nations of the UK (England, Scotland, Wales, and Northern Ireland), Scottish banks print their own banknotes.
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