Jersey does not have its own currency, it is in joint union with the United Kingdom. Yes. Households are being warned to spend or bank all their round pound coins before October, when they will cease to be legal tender. 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. Scottish notes are not legal tender (something that can be used to pay a legal debt) in England, … [citation needed] It can also be exchanged in other places using banks and bureaux de change. Most people think it means the shop has to accept the payment form. you can change the bank notes in any high street bank, but they won't take the coins. A shop owner can choose what payment they accept. You can sign in to give your opinion on the answer. No one will even notice with the coins. The plastic version, which features … 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. It's beyond time we give legal force to the well-known phrase 'that's legal tender, pal'. Using old bank notes. What is an interesting fact about Preston, Lancs? What did you think of it? In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. It’s actually about settling debts rather than how you can pay for things. Still have questions? Press Spacebar or Enter to select. Doesn't worry them. Jersey is a British Crown Dependency, and is defended and internationally represented by the UK government. This morning I went to purchase a roll. (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. Convert your leftover withdrawn Jersey Pound banknotes to cash using our hassle-free online exchange service. MORE than £120million worth of old pound coins are still missing three years after they stopped being legal tender. UK Banks should change Jersey currency as it's the same type of tender as Scottish/Irish/IoM, which I believe is classed as 'acceptable tender' rather than 'legal tender' (Legal tender is purely from the Bank of England, Scottish notes aren't even technically legal tender in Scotland!). Confused? They have their own legislative and taxation systems and issue their own banknotes and coins. Bailiwick of Jersey 50p Legal tender. Jersey currency is not legal tender outside Jersey, but it is acceptable as tender, as opposed to legal tender, within the United Kingdom, and can be exchanged at UK banks on a one for one basis. These, in common with United Kingdom coins, bear the portrait of Her Majesty The Queen. £20 - for any amount In England and Wales, it’s Royal Mint coins and Bank of England notes. Debit cards, cheques and contactless aren’t legal tender anywhere. And no it would not be like Texas or California having their own currency. What do you think of the answers? no the jersey currency is not legal tender over here. Would you like to give more detail? (Confusing, eh?). If your local bank, building society or post office won’t accept them, then you can exchange them with us. 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. … Will Royal Mail 48tracked Show its in my town before delivery.. ... old £1 notes are still issued by the Royal Bank of Scotland and used on the islands of Jersey, Guernsey, and the Isle of Man. Get paid fast for your unused currency from Jersey. Get answers by asking now. 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. British Pounds Sterling. No, the Euro is not legal tender in the UK. Post-1971 coins can be used anywhere. Is it safe for ethnic minorities  to travel and live within the United Kingdom ? In England and Wales, it’s Royal Mint coins and Bank of England notes. 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. What’s classed as legal tender varies throughout the UK. [citation needed] These notes are legal tender in their jurisdictions but are not legal tender in the UK. 1 Interpretation. This is essentially a Jersey-based version of the British pound since it is not actually a separate currency. 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. This is great news for everyone looking to holiday or take a short break to Jersey as you don’t need to change your money before you go, or loose out to any exchange rates. These discontinued Jersey Pound bills belong to older series of the Jersey Pound, issued by the States of Jersey before 2010. All £20 notes were withdrawn from legal tender last year, but people still trade with them, without problems. You may disable these by changing your browser settings, but this may affect how the website functions. But they’d probably lose customers. Notes will vary. Jersey is self-governing and has it own financial and legal systems and its own courts of law. The United Kingdom legislation that introduced the 1 pound coin left no United Kingdom-wide legal tender banknote. 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. Inforamtion on Manx currency - coins and notes. I've not found anywhere that'll take them. But it doesn’t mean they will be. Jersey currency is not legal tender in the UK, although it is a legal currency. Join Yahoo Answers and get 100 points today. More than a year after they ceased to be legal tender, there are still £1.5bn-worth of paper £5 and £10 notes that haven’t been cashed in. £50 - for any amount. 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. You don't mean "legal tender". In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. All £20 notes were withdrawn from legal tender last year, but people still trade with them, without problems. is a jersey pound coin legal tender in england? The States Assembly is made up of 49 elected members. 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. I am assuming that Jersey pounds are not legal tender in England (like Scottish pounds) - but may be wrong about that. 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. Many people make mistakes here and think legal tender means it must be accepted. The Jersey pound banknotes use the currency code JEP. See our banknotes section for information on exchanging withdrawn banknotes, Scottish and Northern Ireland banknotes and other topics. Pre 1982 they were denominated as "new pence": post 1982 as "pence": they are all based on pence that are 1% of a pound 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. What’s classed as legal tender varies throughout the UK. There is more to legal tender than the particular notes and coins offered, and the whole business is badly understood. These, in common, with United Kingdom coins bear the portrait the Queen but they are only legal tender within the territory itself. 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. This decision will not affect the Jersey £1 note, which will continue to be legal tender, as will the new UK £1 coin when it comes into co-circulation on 28 March 2017. You might have heard someone in a shop say: “But it’s legal tender!”. Throughout the United Kingdom, coins valued 1 pound, 2 pounds, and 5 pounds Sterling are legal tender in unlimited amounts. The good news is that coins from the Royal Mint do have legal tender status north of the border - to a certain extent. ... No shop or person anywhere in the UK is obliged to accept any “legal tender”. Legal Position. Our online exchange service is quick, easy, secure and free of charge. Jersey banknotes can be exchanged like for like with other sterling banknotes. Is this right? Thanks! Luckily, each note is a different color, so it is easy to tell them apart when you're looking through your wallet. Before this happens, we design a new banknote and start issuing it. The Royal Mint: the new pound coin. Banks should take it at face value, though you may have to explain this to the teller :) There are however some shops that list prices and will accept payment in Euros. 10 of 15. Our notes always keep their face value. [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 … In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. The pound is worth a pound in Jersey! The Bailiwick of Jersey, as with Guernsey, is a Crown dependency in currency union with the United Kingdom; although Jersey adopted the pound as sole legal tender in 1834, a good 36 years before Guernsey did so. We exchange both Jersey Pound coins and banknotes, and we also accept withdrawn Jersey Pound notes. If your local corner shop decided to only accept payments in Pokémon cards that would be within their right too. But again, it makes no difference in everyday life. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. 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. There is a common misconception about the term “legal tender”. 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. Using old bank notes. English banknotes aren’t legal tender in Scotland. Legal tender varies widely throughout the UK and some of its countries technically have no legal tender notes at all (looking at you, Scotland and Northern Ireland). He said: “Scottish notes are not legal tender anywhere in the UK, they are legal currency and I would encourage shopkeepers to accept them right across the UK, but they’re not legal tender.” There is more to legal tender than the particular notes and coins offered, and the whole business is badly understood. All currency minted and issued are pound sterling denomination. 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. No, though you can use it in a slot machine without it noticing. The Channel Islands and the Isle of Man are Crown Dependencies of the United Kingdom. Shane Bissett, the Royal Mint’s director of commemorative coin, said: “All our UK £5 coins are legal tender as defined by the Coinage Act 1971. Are British people so obsessed with Stonehenge ? Notes will vary. 2. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. You can use Bank of England notes in Jersey as they are legal tender, alongside the Guernsey pound and Scottish banknotes. We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. However, in reality this means that most staff who work in stores wont have ever seen a Jersey note, which generally means they will refuse to take them as payment. Sorry, no it isn't. The legal position with regard to Scottish Banknotes is as follows: Scottish Banknotes are legal currency – i.e. Yes. Many people are confused about what legal tender means. I changed a load in the bank (which took ages as the woman serving me was trying to find the Jersey to English exchange rate and would only believe it was the same after two colleagues told her) and tend to put others in the tip jar in my friend's shop. However, Scottish Bank notes are not Legal Tender, not even in Scotland. Manx currency - coins and notes. Shane Bissett, the Royal Mint’s director of commemorative coin, said: “All our UK £5 coins are legal tender as defined by the Coinage Act 1971. Continue to 10 of 15 below. The daughters gran was in Jersey last year & she forgot she had money left over. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. (2) All bank notes issued under this section shall be legal tender in England and Wales, and all such notes of denominations of less than five pounds shall be legal tender in Scotland and Northern Ireland. Remembering there is no legal tender in Scotland and NI anyway. Our notes stop being legal tender when we withdraw them. The currency in Jersey is the Jersey pound, ... 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