Banknotes

Banknotes

Banknotes
Until the middle of the 19th century, privately owned banks in Great Britain and Ireland were free to issue their own banknotes and money issued by provincial English,[2][3][4] Welsh,[5] Scottish[6] and Irish banking companies circulated freely as a means of payment. As gold shortages affected the supply of money, note-issuing powers of the banks were gradually restricted by various Acts of Parliament,[7] until the Bank Charter Act 1844 gave exclusive note-issuing powers to the central Bank of England. Under the Act, no new banks could start issuing notes and note-issuing banks gradually vanished through mergers and closures. The last private English banknotes were issued in 1921 by Fox, Fowler and Company, a Somerset bank.[7] However, some of the monopoly provisions of the Bank Charter Act only applied to England and Wales.[8] The Bank Notes (Scotland) Act was passed the following year, and to this day, three retail banks retain the right to issue their own sterling banknotes in Scotland, and four in Northern Ireland.[9][10] Notes issued in excess of the value of notes outstanding in 1844 (1845 in Scotland) must be backed up by an equivalent value of Bank of England notes.[11] Following the Partition of Ireland, the Irish Free State created an Irish pound in 1928; the new currency was pegged to sterling until 1979. The issue of banknotes for the Irish pound fell under the authority of the Currency Commission of Ireland, who set about replacing the private banknotes with a single Consolidated Banknote Issue in 1928.[12] In 1928 a Westminster act of parliament reduced the fiduciary limit for Irish banknotes circulating in Northern Ireland to take account of the reduced size of the territory concerned.

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1948 1 BAHT THAILAND BANKNOTE

1948 1 BAHT THAILAND BANKNOTE
£8.00
In stock

1953 10 BAHT THAILAND BANKNOTE

1953 10 BAHT THAILAND BANKNOTE
£10.00
In stock

1955 10 DONG SOUTH VIETNAM BANKNOTE

1955 10 DONG SOUTH VIETNAM BANKNOTE
£10.00
In stock

1956 1 DONG SOUTH VIETNAM BANKNOTE

1956 1 DONG SOUTH VIETNAM BANKNOTE
£8.00
In stock

1957 100 KIP LAOS BANKNOTE

1957 100 KIP LAOS BANKNOTE
£15.00
In stock

1962 5 KIP LAOS BANKNOTE

1962 5 KIP LAOS BANKNOTE
£8.00
In stock

1971 25 SYLIS GUINEA BANKNOTE

1971 25 SYLIS GUINEA BANKNOTE
£15.00
In stock

1980 10 SYLIS GUINEA BANKNOTE

1980 10 SYLIS GUINEA BANKNOTE
£8.00
In stock

1914 10 YUAN BANK OF COMMUNICATIONS CHINA BANKNOTE

1914 10 YUAN BANK OF COMMUNICATIONS CHINA BANKNOTE
£10.00
In stock

1914 5 YUAN BANK OF COMMUNICATIONS CHINA BANKNOTE

1914 5 YUAN BANK OF COMMUNICATIONS CHINA BANKNOTE
£10.00
In stock

1914 5 YUANS BANK OF COMMUNICATIONS CHINA BANKNOTE

1914 5 YUANS BANK OF COMMUNICATIONS CHINA BANKNOTE
£10.00
In stock

1930 10 CUSTOM GOLD UNITS CHINA BANKNOTE

1930 10 CUSTOM GOLD UNITS CHINA BANKNOTE
£10.00
In stock

1930 100 GOLD UNITS CENTRAL BANK OF CHINA BANKNOTE

1930 100 GOLD UNITS CENTRAL BANK OF CHINA BANKNOTE
£10.00
In stock

1930 20 GOLD UNITS CENTRAL BANK OF CHINA BANKNOTE

1930 20 GOLD UNITS CENTRAL BANK OF CHINA BANKNOTE
£10.00
In stock

1930 50 GOLD UNITS CENTRAL BANK OF CHINA BANKNOTE

1930 50 GOLD UNITS CENTRAL BANK OF CHINA BANKNOTE
£10.00
In stock

1931 1 DOLLAR KWANGTUNG PROVINCIAL BANK BANKNOTE

1931 1 DOLLAR KWANGTUNG PROVINCIAL BANK BANKNOTE
£10.00
In stock

1931 1 DOLLAR KWANGTUNG PROVINCIAL BANK BANKNOTE ( LOCAL CURRENCY OVER PRINT )

1931 1 DOLLAR KWANGTUNG PROVINCIAL BANK BANKNOTE ( LOCAL CURRENCY OVER PRINT )
£10.00
In stock

1931 10 CENTS REPUBLIC OF CHINA BANKNOTE

1931 10 CENTS REPUBLIC OF CHINA BANKNOTE
£10.00
In stock

1935 1 YUAN FARMERS BANK OF CHINA BANKNOTE

1935 1 YUAN FARMERS BANK OF CHINA BANKNOTE
£10.00
In stock

1935 10 YUAN FARMERS BANK OF CHINA BANKNOTE

1935 10 YUAN FARMERS BANK OF CHINA BANKNOTE
£10.00
In stock

1935 5 YUAN BANK OF COMMUNICATIONS CHINA BANKNOTE

1935 5 YUAN BANK OF COMMUNICATIONS CHINA BANKNOTE
£10.00
In stock

1936 1 YUAN CHINA REPUBLIC OF CHINA BANKNOTE

1936 1 YUAN CHINA REPUBLIC OF CHINA BANKNOTE
£10.00
In stock

1936 1 YUAN REPUBLIC OF CHINA BANKNOTE

1936 1 YUAN REPUBLIC OF CHINA BANKNOTE
£10.00
In stock

1936 10 YUAN CHINA REPUBLIC BANKNOTE

1936 10 YUAN CHINA REPUBLIC BANKNOTE
£10.00
In stock

1936 5 YUAN CHINA REPUBLIC BANKNOTE

1936 5 YUAN CHINA REPUBLIC BANKNOTE
£10.00
In stock

1937 10 CENTS FARMERS BANK OF CHINA BANKNOTE

1937 10 CENTS FARMERS BANK OF CHINA BANKNOTE
£10.00
In stock

1937 10 YUAN BANK OF CHINA BANKNOTE

1937 10 YUAN BANK OF CHINA BANKNOTE
£10.00
In stock

1937 5 YUAN BANK OF CHINA BANKNOTE

1937 5 YUAN BANK OF CHINA BANKNOTE
£10.00
In stock

1938 1 YEN OCCUPATION OF CHINA MILITARY BANKNOTE

1938 1 YEN OCCUPATION OF CHINA MILITARY BANKNOTE
£10.00
In stock

1938 5 YEN OCCUPATION OF CHINA MILITARY BANKNOTE8 SHILLING ( AUNC )

1938 5 YEN OCCUPATION OF CHINA MILITARY BANKNOTE8 SHILLING ( AUNC )
£10.00
In stock
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