But they’d probably lose customers. Let us help you out. We use necessary cookies to make our site work (for example, to manage your session). In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. 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. Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. There are however some shops that list prices and will accept payment in Euros. What’s classed as legal tender varies throughout the UK. Post-1971 coins can be used anywhere. 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. Join Yahoo Answers and get 100 points today. Jersey does not have its own currency, it is in joint union with the United Kingdom. 3 Currency notes to be legal tender. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. There is a common misconception about the term “legal tender”. But again, it makes no difference in everyday life. So it is a case of someone being sympathetic and helping you out, there is no legal duty for anyone in the UK to accept your Jersey bank note. Nobody will accept them (Bureau de change etc) other than back in Gibraltar, so I wonder if they are legal tender anywhere other than in Gibraltar. Our notes stop being legal tender when we withdraw them. If you want to pay for a pack of gum with a £50 note, it’s perfectly legal to turn you down. 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. I was recently in Gibraltar, where they accept UK pounds, but also have Gibraltar pounds, which look like ours, but have 'Gibraltar' on them. £20 - for any amount It means that if you offer to fully pay off a debt to someone in legal tender, they can’t sue you for failing to repay. Scottish notes aren’t legal tender in England or Scotland. Remembering there is no legal tender in Scotland and NI anyway. [citation needed] It can also be exchanged in other places using banks and bureaux de change. Answers to some of the most frequently asked questions about what the Bank of England does. Continue to 10 of 15 below. The Channel Islands and the Isle of Man are Crown Dependencies of the United Kingdom. Manx currency - coins and notes. 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. Notes will vary. Since 90s have Afghans been knocking on the doors of residents in Dover and all over Kent and asking for money? 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. 1 Interpretation. Our online exchange service is quick, easy, secure and free of charge. Are British people so obsessed with Stonehenge ? Households are being warned to spend or bank all their round pound coins before October, when they will cease to be legal tender. Currently, 20 pence pieces and 50 pence pieces are legal tender in amounts up to 10 pounds; 5 pence pieces and 10 pence pieces are legal tender in amounts up to 5 pounds; and 1 penny pieces and 2 pence pieces are legal tender in amounts up to 20 pence. Is it like Scotland where you can pay in GBP and then they give you the change in Jersey pounds? Likewise for all other banknotes, it’s a matter of discretion. These, in common, with United Kingdom coins bear the portrait the Queen but they are only legal tender within the territory itself. ...The Guernsey pound is legal tender only in Guernsey but also circulates freely in Jersey and is acceptable in most places in the U.K. which will accept Scottish and Northern Irish notes. Have you been to Weybridge in Surrey? We exchange both Jersey Pound coins and banknotes, and we also accept withdrawn Jersey Pound notes. 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. Yes. The Royal Mint: the new pound coin. What did you think of it? 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. That’s because the Bank of England has said that old £20 notes are still being considered legal tender. Banks should take it at face value, though you may have to explain this to the teller :) The States of Jersey has no plans to issue a new £1 coin but will instead rely on the local £1 note and the new issue of UK £1 coins. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies. There is more to legal tender than the particular notes and coins offered, and the whole business is badly understood. No, I'm afraid that it is not: Jersey is not a part of the United Kingdom, but is a part of Great Britain. They have £1 notes in Jersey though. The old style notes will continue to circulate alongside the new notes and will … Yes. We usually give several months’ notice of the date we will withdraw a note. No one will even notice with the coins. You can sign in to give your opinion on the answer. However, they are not legal tender in Scotland and Northern Ireland. In this Order, the “Law” means the Decimal Currency (Jersey) Law 1971 [2].. 2 Additional category of coins specified as legal tender (1) Coins of the denomination of £1 and of the description set out in paragraph (2) which are issued in a manner described in Article 4(1) of the Law shall be legal tender for the payment of any amount. See our banknotes section for information on exchanging withdrawn banknotes, Scottish and Northern Ireland banknotes and other topics. [2] Coins and banknotes do not need to be 'legal tender' in order to be used as money to buy and perform other transactions for which money is intended. Many people are confused about what legal tender means. The vendor wouldn't accept a pound coin as it was from Jersey. Legal tender has a narrow technical meaning which has no use in everyday life. The Guernsey pound, and other notes denominated in pound sterling (including those issued by the Bank of England, Scottish, Manx and Northern Irish notes and the Jersey pound) may be used in Guernsey.The Guernsey pound is legal tender only in the Bailiwick of Guernsey although it also circulates freely in Jersey, while in the UK acceptance is often problematic. ... No shop or person anywhere in the UK is obliged to accept any “legal tender”. However the Jersey pound is also legal tender here. Through this agreement, Jersey pounds are denominated in pound sterling and so can be exchanged with the equivalent sterling notes and coins. This is essentially a Jersey-based version of the British pound since it is not actually a separate currency. Banknotes issued by seven UK banks are legal currency and can be accepted throughout the UK. These discontinued Jersey Pound bills belong to older series of the Jersey Pound, issued by the States of Jersey before 2010. Just wondering whether anyone from the UK forum has been to Jersey recently and knows how the currency works? 2. Get paid fast for your unused currency from Jersey. The Jersey pound banknotes use the currency code JEP. Luckily, each note is a different color, so it is easy to tell them apart when you're looking through your wallet. 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. There is more to legal tender than the particular notes and coins offered, and the whole business is badly understood. But that’s not the case. But it doesn’t mean they will be. Doesn't worry them. If your local bank, building society or post office won’t accept them, then you can exchange them with us. Jersey British Pound - GBP The island of Jersey uses the British pound as its official currency. All £20 notes were withdrawn from legal tender last year, but people still trade with them, without problems. Thanks! Jersey. is a jersey pound coin legal tender in england? 10 of 15. withdrawn Jersey Pound banknotes Exchange yours now. For example, 1p and 2p coins only count as legal tender for any amount up to 20p. Sorry, no it isn't. The States Assembly is made up of 49 elected members. Twenty pence pieces and fifty pence pieces are legal tender in amounts up to 10 pounds; five pence pieces and ten pence pieces are legal tender in amounts up to 5 pounds; and pennies and two pence coins are legal tender in amounts up to 20 pence. In England and Wales, it’s Royal Mint coins and Bank of England notes. Most people think it means the shop has to accept the payment form. What do you think of the answers? [citation needed] These notes are legal tender in their jurisdictions but are not legal tender in the UK. I am assuming that Jersey pounds are not legal tender in England (like Scottish pounds) - but may be wrong about that. They have £1 notes in Jersey though. These, in common with United Kingdom coins, bear the portrait of Her Majesty The Queen. These discontinued Jersey Pound bills belong to older series of the Jersey Pound, issued by the States of Jersey before 2010. Debit cards, cheques and contactless aren’t legal tender anywhere. No, the Euro is not legal tender in the UK. (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. They have their own legislative and taxation systems and issue their own banknotes and coins. Scottish notes are not legal tender (something that can be used to pay a legal debt) in England, … Jersey banknotes can be exchanged like for like with other sterling banknotes. Pre 1982 they were denominated as "new pence": post 1982 as "pence": they are all based on pence that are 1% of a pound The currency in Jersey is the Jersey pound, ... Also, UK residents shouldn't need to panic about changing Jersey money, as although it isn't legal tender in the UK, I believe it is classed as acceptable tender. Before this happens, we design a new banknote and start issuing it. 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. You can use Bank of England notes in Jersey as they are legal tender, alongside the Guernsey pound and Scottish banknotes. The Houblon £50 note was introduced in April 2014 but is no longer legal tender. The daughters gran was in Jersey last year & she forgot she had money left over. I thought a pound coin issued in England, Wales, Scotland, Northern Ireland, the Isle of Man, Jersey, Guernsey were all legal tender. We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. [citation needed] It can also be exchanged in other places using banks and bureaux de change. 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. Is it safe for ethnic minorities  to travel and live within the United Kingdom ? 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. 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. "I hope that this bill will encourage businesses across the UK to recognise and accept Scottish currency." Twenty pence pieces and fifty pence pieces are legal tender in amounts up to 10 pounds; five pence pieces and ten pence pieces are legal tender in amounts up to 5 pounds; and pennies and two pence coins are legal tender in amounts up to 20 pence. Jersey £1 coins ceased to be legal tender in Jersey on 15 October 2017 to coincide with the withdrawal of the circular £1 coin in the UK. Using old bank notes. The daughters gran was in Jersey last year & she forgot she had money left over. No one will even notice with the coins. If your local corner shop decided to only accept payments in Pokémon cards that would be within their right too. you can change the bank notes in any high street bank, but they won't take the coins. It's beyond time we give legal force to the well-known phrase 'that's legal tender, pal'. 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. Our notes always keep their face value. Doesn't worry them. The Guernsey pound, and other notes denominated in pound sterling (including those issued by the Bank of England, Scottish, Manx and Northern Irish notes and the Jersey pound) may be used in Guernsey.The Guernsey pound is legal tender only in the Bailiwick of Guernsey although it also circulates freely in Jersey, while in the UK acceptance is often problematic. However, even though Jersey accepts both currencies, the UK does not consider the Jersey Pound legal tender. However, Scottish Bank notes are not Legal Tender, not even in Scotland. Compared to UK issued coins, Jersey coinage ... it almost 5 times RARER than the 2011 Edinburgh £1 which holds the proud title as the rarest and most sought after UK pound ever struck for circulation in the UK. 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. The Jersey notes are not deemed legal tender in the United Kingdom but are legal currency, so creditors and traders may accept them if they so choose. Many people make mistakes here and think legal tender means it must be accepted. 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. Legal Position. If not - … they are approved by the UK Parliament. In Scotland and Northern Ireland it’s only Royal Mint coins and not banknotes. Convert your leftover withdrawn Jersey Pound banknotes to cash using our hassle-free online exchange service. Jersey Pounds are legal tender only in the Bailiwick of Jersey, not in the United Kingdom. The pound is worth a pound in Jersey! 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. No, though you can use it in a slot machine without it noticing. A care home manager has been ordered by a judge to pay a total of £1,118.62 after he tried to settle an £804 debt to his accountant with five crates of … Jersey is self-governing and has it own financial and legal systems and its own courts of law. 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. 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!). [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 … You might have heard someone in a shop say: “But it’s legal tender!”. 4 Right to receive other notes in exchange for currency notes. However, they are only legal tender within the Crown Dependencies themselves. I've not found anywhere that'll take them. The only legal tender in Scotland is £1 and £2 coins. The plastic version, which features … £50 - for any amount. Many common and safe payment methods such as cheques, debit cards and contactless aren’t legal tender. The UK's new 12-sided £1 coin is the only £1 coin that is legal tender in the Island. The legal position with regard to Scottish Banknotes is as follows: Scottish Banknotes are legal currency – i.e. MORE than £120million worth of old pound coins are still missing three years after they stopped being legal tender. Notes will vary. A bank, post office or a bureau de change is probably your best bet. Get answers by asking now. 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. 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. Using old bank notes. Still have questions? English banknotes aren’t legal tender in Scotland. It’s actually about settling debts rather than how you can pay for things. You don't mean "legal tender". British Pounds Sterling. Throughout the United Kingdom, coins valued 1 pound, 2 pounds, and 5 pounds Sterling are legal tender in unlimited amounts. The Jersey pound is legal tender only in Jersey, though it is legal currency throughout the United Kingdom. (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. 1. 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 morning I went to purchase a roll. I've not found anywhere that'll take them. (Confusing, eh?). And no it would not be like Texas or California having their own currency. Is this right? In fact, no banknote whatsoever (including Bank of England notes!) It may not be accepted in England but it is wrong to say that it is not accepted in the UK. Will British pubs actually seize to exist en masse in 2021? Throughout the United Kingdom, coins valued 1 pound, 2 pounds, and 5 pounds Sterling are legal tender in unlimited amounts. S a matter of discretion cards, cheques and contactless aren ’ t accept,! Coin legal tender in the UK 's new 12-sided £1 coin that is legal tender in Jersey to your! Subject to the provisions of Article 5, currency notes or California having their own banknotes and topics! 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