What's your prediction on the Australian Dollar?

[whatmeworry]

I know this is NZD but can someone please help? Is this note not legal tender?

View attachment 53245

Didn't even think about it when I left New Zealand with it. No one accepts in Thailand. Haven't tried here. Anyone that knows me and is going to New Zealand soon can swap it for me please? I still want NZD in any denomination.

Thanks in advance.

I have had this argument with a slightly defaced English pound in Croatia. I argued the money was still legal tender, as the main thing is the serial Number and the security features. Teller told she didn't know me??? I told her where to go and told her she was still stuck in Yugoslavia. Go to the bank next door as I need local currency where the next teller won't change one note because of a slight tear! At least she a money exchange would accept it.

 

[trixydoza]

Notes & coins frequently asked questions

[h=2]Q. What should I do if I have any old or damaged notes or coins?[/h]

 

[MEL_Traveller]

I have had this argument with a slightly defaced English pound in Croatia. I argued the money was still legal tender, as the main thing is the serial Number and the security features. Teller told she didn't know me??? I told her where to go and told her she was still stuck in Yugoslavia. Go to the bank next door as I need local currency where the next teller won't change one note because of a slight tear! At least she a money exchange would accept it.

I'd hazard a guess it's only legal tender in the UK and certain UK territories. Not accepting less-than-perfect notes is not uncommon in many countries.

 

[ellen10]

When we were on London last year they would not accept Scottish pounds!

Bus driver would not accept it, train station would not accept it.
We went to a bank and they would only exchange 100 pounds worth.
Really?

 

[Flashback]

When we were on London last year they would not accept Scottish pounds!

Bus driver would not accept it, train station would not accept it.
We went to a bank and they would only exchange 100 pounds worth.
Really?

I had trouble even getting a foreign exchange place to accept it (in central London). I stood my ground and said I wasn't walking out until I had it back in USD......

 

[MEL_Traveller]

There is no requirement for anyone to accept Scottish banknotes! They are not legal tender, and acceptance of the notes is at the sole agreement of the shop.

The Bank of England website has more information: Frequently Asked Questions | Bank of England

Are Scottish & Northern Ireland banknotes "legal tender"?
In short ‘No’ these banknotes are not "legal tender"; furthermore, Bank of England banknotes are only legal tender in England and Wales. Legal tender has, however, a very narrow technical meaning in relation to the settlement of debt. If a debtor pays in legal tender the exact amount he/she owes under the terms of a contract (and in accordance with its terms), or pays this amount into court, he/she has good defence in law if he/she is sued for non-payment of the debt.

In ordinary everyday transactions, the term "legal tender" in its purest sense need not govern a banknote's acceptability in transactions. The acceptability of a Scottish or Northern Ireland banknote as a means of payment is essentially a matter for agreement between the parties involved. If both parties are in agreement, Scottish and Northern Ireland banknotes can be used in England and Wales. Holders of genuine Scottish and Northern Ireland banknotes are provided with a level of protection similar to that provided to holders of Bank of England banknotes. This is because the issuing banks must back their banknote issue using a combination of Bank of England banknotes, UK coin and funds in an interest bearing bank account at the Bank of England.

 

[AV8]

The Dublin Airport shops after going thru security would not exchange Northern Ireland banknotes either - a guy who was in the shop line (turned out to be a local) tapped me on the shoulder and was more than happy to exchange with British notes - I had been warned about this possible exchange issue before I travelled however was not expecting such resistance. When in Northern Ireland I always asked for British notes and was obliged where possible, however many insisted that the Northern Ireland note was OK and some took exception to exchanging - an Irish friend says that it is a common trap for tourists.

 

[Foreigner]

There is no requirement for anyone to accept Scottish banknotes! They are not legal tender, and acceptance of the notes is at the sole agreement of the shop.

The Bank of England website has more information: Frequently Asked Questions | Bank of England

And Bank of England notes are only legal tender in England & Wales.

 

[drron]

And Bank of England notes are only legal tender in England & Wales.

But accepted in Scotland.We had no problems there.

 

[Foreigner]

The issue of notes by private banks in Scotland and Northern Ireland are regulated by BoE.

 

[JohnK]

Is it worth trying another booth?

Lost count how many exchange booths we tried.

 

[wandering_fred]

So does this latest discussion mean that the AU$ will become like the Scot's and NI pounds and have an exchange rate of ZERO outside of Australia? :shock:

Wandering away again

Fred

 

[clazman]

Iirc Scottish pounds had to be accepted in England in the 80s, any ideas when it changed

 

[Princess Fiona]

There is no requirement for anyone to accept Scottish banknotes! They are not legal tender, and acceptance of the notes is at the sole agreement of the shop.

The Bank of England website has more information: Frequently Asked Questions | Bank of England

I have never had any problems whatsoever using Scottish banknotes in England/Wales/Northern Ireland.

 

[ellen10]

We had no problems using British pounds on Scotland.
But as I said was stunned that in London they were very hard to spend.

 

[Foreigner]

I reckon RBS branches in England and Wales would be expected to accept both Scottish and NI notes. (They've presence in Sydney as well.)

 

[cove]

I saw news that London apartment prices have been trimmed back in the past two months from record highs.
Putin is trying to tax his non friends out of assets that Russians have acquired in London. As a result Russians are now renting to avoid bad things happening to them.
We don't seem to have that sort of thing happening in Australia but a lot of looted Chinese Government money seems to have hit the U.S.,Canada and Australia. The Chinese Government may want it all back.

 

[Foreigner]

I saw news that London apartment prices have been trimmed back in the past two months from record highs.
Putin is trying to tax his non friends out of assets that Russians have acquired in London. As a result Russians are now renting to avoid bad things happening to them.

Mr. Putin's DPM has a strategic spot in London:

http://www.dailymail.co.uk/news/art...apartment-just-short-walk-Downing-Street.html

 

[amaroo]

The Russians haven't forgotten Cyprus.

 

[cove]

It will only be a problem for that friend of Putin if he gets unfriended. Generally if you criticize Putin that will do it. At that point you are in a teensy weensey spot of trouble with the Russian tax office.
Meanwhile the Australian dollar was stable for a few days. Commodities that we produce (dig up) seemed to keep dropping.