Can you use gibraltar coins in uk

Skip to main content. Home KnowledgeBank What is legal tender? What is legal tender? Many people are confused about what legal tender means. Let us help you out. What does legal tender mean? Scottish and Northern Ireland banknotes. When do Bank of England notes stop being legal tender? A withdrawn One Pound banknote. Find out more What is money? How do card payments work? Will cash die out? From to , the currency situation in Gibraltar was complicated, with a system based on the Spanish real de plata but encompassing British, Spanish, and Gibraltarian coins.

The real was tied to the pound at the rate of one Spanish dollar to four shillings, four pence equivalent to In , however, the Spanish currency became the sole legal tender of the country.

Then, in , the Spanish—American War made the Spanish currency drop dramatically in value. As a result, the pound was introduced as the official coin of the realm—initially in the form of British coins and banknotes, though Spanish money continued in circulation. Gibraltar began issuing its own banknotes in —the official birth of the Gibraltar pound—and its own coins in The coins were in denominations of 1, 2, 5, 10, 20, and 50 pence and 1 pound coins with unique designs and the country's name.

In the Gibraltar government assumed sole responsibility for the design, printing, and production of banknotes, taking over responsibilities that until then had been the preserve of the British government. New series of notes were issued in and Two-pound coins were introduced in In the Government of Gibraltar minted a new edition of its coins to commemorate the tercentenary of British Gibraltar Financial Fraud. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.

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We and our partners process data to: Actively scan device characteristics for identification. Indeed, subject to a couple of caveats, someone could reasonably charge you a fee for accepting it. Much like they could for accepting masses of low value coin, or just to swap 2x5 for 1x10 etc. If that really is the core of your point, I'd agree with it. And you know you would be able to realise its true value at a bank etc. If you were with me know I would be able to show you the original letters from GoG, from UK FCO, from BoE, and I believe I still have somewhere from UK Treasury - all confirming that my legal vuew of it is correct - and that the view put forward by various banks, and other entities is wrong.

I could also show you complaints some referred to financial services ombudsman where my view was upheld, and various entities admitted staff who did not know what they were talking about had made statements that they did not possess legal backup to make. I repeat it is far easier that people leave GoG issued notes in Gib, but I will not stand quietly by an allow people to say they are another currency, with an 'exchange rate'.

This view causes all sorts of problems in all sorts of things, including some electronic payment matters. I'm happy to talk you through the legislation governing the issue, also happy to outline at length some of the many problems this view has caused. What absolute twaddle. Why only last Thursday my local Sainsbury took two of them for groceries my wife had bought without the slightest murmur.

Sorry Gismo but you do your case no good at all by getting personal reference your last sentence. A big company like Sainsburys can afford the loss if the notes turn out to be forged but a small business can't afford to stand the loss because that might be the equivalent to several days profit.

Notes are a real hassle, if you are lucky you can pay them into a couple of branches of Barclays. Skip to main content. Sign in to get trip updates and message other travellers. Browse all 3, Gibraltar topics ».

Watch this Topic. Browse forums All Browse by destination. Gibraltar forums. All forums. Level Contributor. Report inappropriate content. Stephen D. David C. Read our community guidelines. Get notified by e-mail when a reply is posted. Ask a question. Cookies on GOV. UK We use some essential cookies to make this website work.

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