Why doesnt all of the UK have the same currency?

Question

When i was traveling in the uk between northern ireland, wales, scotland and england, some would refuse to accept others currency why dont they just redesign the currency and make a bank of united kingdom, whats the best currency to have when traveling all over the uk

if they are apart of the same entity The United Kingdom of Great Britain and Northern Ireland why dont they have the same currency

Which currency to use in scotland , recieved currency that were like 5 different banks and some ppl would accpet some notes which banks notes are accepted everywhere in scotland

i had british coins the accepted them in northern ireland so why not the bills

The United Kingdom of Great Britain and Northern Ireland what the f*** is that is it a country territory or what everything you look up about it it says it the same country could some tell me what exactly the UK is

Answer 1

All countries in the UK use Pound Sterling but due to the fact that England and Wales, Scotland and Northern Ireland all have different laws where these are accepted can differ. Coins produced in the UK are legal tender throughout all parts of the UK upto the maximum value per transation (for instance if you pay £11 in 50p's the seller isn''t compelled to accept this as the maximum value for 50p's per transaction is £10). Notes issued by the Bank of England are legal tender in England and Wales. Banks in Northern Ireland and Scotland issue there own notes. However confusingly no notes even those produced by local banks are legal tender in Scotland and Northern Ireland which means that the only legal tender for transations are coins, which means only £1,£2 and the uncommon £5 coin (which is produced for special occassions and therefore is a collectors item and not often used) are legal tender for indefinate transaction values (all other coins have a maximum transaction value). Scots and Northern Irish notes are obviously accepted in there respective countries as well as Bank of England notes. In England and Wales Scots and Northern Irish are accepted by some sellers but this is not universal, notes can easiliy be changed at any bank of bureau de change.

The reason for this all dates back to the days before the union of England and Scotland coupled with the fact that England and Wales, Scotland and Northern remain seperate legal jurisdictions.

Answer 2

Basically, it all comes down to arseholes and their pride of their respected country. Notes are made differently in Scotland and England (they're both still Sterling (or Pounds)), but they'll look different. Scottish notes will have famous people printed on them, pertaining to their country and vice versa. Royal Bank of Scotland notes will look different from Bank of England notes due to the banks' printing signature (their own versions of the Sterling). And this is when the fun starts...
If you try using a Scottish note in England, they'll look at you like you're trying to scam them with fakes, because they're either retarded or are just complete dick-heads who think Scottish people and their money are a lesser people etc. But, all of these notes are valid currency and, in reality, it's the banks' faults for this confusion over authenticity or not....
However, all pound coins are made the same, and are obviously, if one tried to replicate them illegally, would be a bit difficult.
But it all comes down to the country's pride. England, Wales and Scotland want to keep and show their individuality (with annoyingly patriotic and nationalistic tendencies...).
Now, Northern Ireland (I think) use Sterling too but I do know, because the Republic of Ireland (the Southern section) is not part of the UK, they use Euros.
You know, it would be a helluva lot easier if Britain converted to Euros because we are in fact part of Europe, but the conversion rate has more advantage being Stirling than Euros so that's why Britain kept it. It's stupid, but that's the way it is.
No, Scotland does not use the Euro. In fact, I think if you tried using the Euro in Scotland, England and even Wales, it would get rejected. So, I would say your safest bet is to take Euros with you (just in case of emergency) and English pound notes, because they are (and no offense) usually the most ignorant out of the other countries in the United Kingdom. You won't have a problem using Bank of England notes in Northern Ireland, Scotland etc. (hopefully!)

Now, I'm going to repeat to you the following information:

United Kingdom consists of Scotland, England, Wales and Northern Ireland. United Kingdom is just like the United Nations. It's all to do with the history of the countries, their historic wars and eventual union into 'friendship' etc.
Now, Great Britain or Britain is EXACTLY THE SAME TERM as United Kingdom. Coming to America ALOT of people think Britain is just England. This is not true. Britain includes all the other countries of the United Kingdom too. Thought I might clear that up too...

Answer 3

The official currency of Northern Ireland is the pound sterling. Bank of England notes are commonly used but the four Northern Irish banks print their own versions. Northern Irish notes are legal tender in Great Britain but widespread ignorance of this fact means that they are rarely accepted there.

Northern Ireland does a large amount of trade with the Republic of Ireland (where the euro is used) and therefore many outlets in border areas accept euro. Typically expect to pay around 3 euro for every 2 pounds.

In addition, many major pubs and shopping outlets in Belfast city centre now accept euro. In particular, the pub company Botanic Inns Ltd and the shopping centre Castle Court can be cited as accepting payments for goods in euro.

Answer 4

Even though the United Kingdom of Great Britain and Northern Ireland is one national entity, because of historical and political reasons the four seperate entities - England, Wales, Scotland and Northern Ireland have some degree of autonomy.
The three Scotish banks (Royal Bank of Scotland and the Bank of Scotland, Clydeside Bank) produce their own bank notes as do the banks of Norhtern Ireland (Ulster Bank, Northern Bank, First Trust Bank, Bank of Ireland) also produce their own notes.

These notes are interchangable with Bank of England notes and can be exchanged for goods and services in the whole of the UK. If you find difficulties then banks and bureau de change are obliged to exchange them for Bank of England notes.

The States of Jersey and of Guernsey in the Channel Islands as well as the Isle of Man also produce their own pound notes, as does Gibralter. None of these are legal tender or exchangable for goods or services in the mainland UK, but they are exchangable at parity, in banks and bureau de change.

Hope this helps.

Answer 5

It does- the Pound Sterling is the legal currency throughout the UK. The problem is,the Banks tend to accept the currency of the respective Countries only in the country of issue.Pound coins will be accepted everywhere-You may experience problems with notes!

Answer 6

all are on the euro now except england thier money is worth far more than anyone elese in the eu if you where getting notes from scotland they we screwing you over thats all all curency is now on recall and is being collected by respective goverments in trade for euo's and if im not mistaken the pound/quid whatever is good anywhere in the uk

Answer 7

As others have already pointed out, this is a very silly question. If you think about it, it's like asking why people in Asia speak more than one language! The UK is not one country, any more than "North America" is...

Answer 8

For the same reason North America doesn't all have the same currency. They're different countries.

Answer 9

Try the Euro. You have to remember that they are different countries. Most stores in the US don't accept the peso!