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Money: Banknotes

Volume 703: debated on Wednesday 16 July 2008

asked Her Majesty’s Government:

What percentage of each denomination of banknote is allowed to be printed and circulated in Northern Ireland and Scotland. [HL4735]

Decisions on the percentage of each denomination of banknote ordered to be printed and put into circulation in Northern Ireland and Scotland by the seven commercial banks authorised to issue banknotes in those countries (four in Northern Ireland and three in Scotland) are entirely a matter for each of those banks, in the light of demand from their customers.