is the scottish one pound note still in circulation
The Royal Bank of Scotland £1 note The Royal Bank of Scotland began issuing twenty shillings 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 The issuing of banknotes by Scottish banks was regulated by the Banknote (Scotland) Act 1845 until it was superseded by the Banking Act 2009.[1] Though strictly not legal tender in Scotland, Scottish banknotes are nevertheless legal currency and are generally accepted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.[2] The Â£1 note is currently the smallest denomination of banknote issued by The Royal Bank of Scotland.[3]
Bank of England £50 note However, a Bank of England source told the Financial Times (FT) in December 2016 that there were no plans to remove the note from circulation. The FT said the removal would be "a loss of Liberty" and raised points that the Â£50 is useful for high value cash transactions, such as eating out.[9]