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The Royal Bank of Scotland £50 note

From Wikipedia, the free encyclopedia

Banknote
Fiftypounds
CountryUnited Kingdom
Value£50 sterling
Width146 mm
Height77 mm
Security featuresHolographic patch, Raised print, metallic security thread, watermark, microlettering, see-through registration device, UV feature
Material usedPolymer
Years of printing1727, 2005–present
2021–present (current design)
Obverse
DesignFlora Stevenson
Design date2021
Reverse
DesignTwoospreys, amackerel,lady's bedstraw
Design date2021

The Royal Bank of Scotland £50 note is asterlingbanknote. It is the second largest denomination of banknote issued by theRoyal Bank of Scotland. The current polymer note, first issued in 2021 bears an image ofFlora Stevenson on the obverse and twoospreys, amackerel andlady's bedstraw on the reverse.

History

[edit]

The Royal Bank of Scotland began issuing £50 notes in 1727, the same year as the bank's founding. Early banknotes were monochrome, and printed on one side only. The issuing of banknotes by Scottish banks was regulated by theBanknote (Scotland) Act 1845 until it was superseded by theBanking Act 2009.[1] Though strictly notlegal tender in Scotland, Scottish banknotes are nevertheless legal currency and are generally accepted throughout theUnited Kingdom. Scottish banknotes are fully backed such that holders have the same level of protection as those holding genuineBank of England notes.[2] The £50 note is currently the second largest denomination of banknote issued by The Royal Bank of Scotland.[3]

The current Ilay series of banknotes was first issued in 1987, although it did not originally include the £50 note.[4] The £50 note was added to the Ilay series in 2005, and these notes were the first £50 notes issued by the bank since 1727.[5] These banknotes feature a portrait ofLord Ilay, first governor of the bank, on the front. Lord Ilay's image is also used as a watermark on the notes. Other design elements include the bank's coat of arms and logo, the facade ofDundas House, the bank's headquarters in Edinburgh, and a pattern representing the ceiling of the headquarters' banking hall. All of the Ilay series notes feature a castle on the back. On the reverse of the £50 note is an image ofInverness Castle.[5]

On 18 August 2021,[6] a newpolymer £50 note was introduced to replace the paper notes, featuringFlora Stevenson. Unlike the paper note, it is red instead of green.

Designs

[edit]
NoteFirst issuedColourSizeDesignAdditional information
Ilay2005Green156 × 85 mmFront: Lord Ilay; Back: Inverness Castle
Polymer2021Red146 x 77 mmFront:Flora Stevenson; Back: Twoospreys, amackerel,lady's bedstraw[7][8]

Information taken from The Committee of Scottish Bankers website.[3]

References

[edit]
  1. ^"Banknote History". The Committee of Scottish Bankers. Retrieved5 June 2016.
  2. ^"Scottish and Northern Ireland Banknotes Factsheet"(PDF). Association of Commercial Banknote Issuers. Retrieved5 June 2016.
  3. ^ab"Current Banknotes : Royal Bank of Scotland". The Committee of Scottish Bankers. Retrieved5 June 2016.
  4. ^"Banknotes: 8 things you might not know". The Royal Bank of Scotland. Retrieved5 June 2016.
  5. ^ab"Banknote Design Features : The Royal Bank of Scotland". The Committee of Scottish Bankers. Archived fromthe original on 2 December 2013. Retrieved9 June 2016.
  6. ^"Flora Stevenson: First woman to feature on Scottish £50 note".BBC Newsround.Newsround. 26 June 2021. Archived fromthe original on 10 July 2021. Retrieved10 July 2021.
  7. ^Royal Bank of Scotland £50 The Association of Commercial Banknote Issuers
  8. ^Edinburgh primary school pupils launch Royal Bank of Scotland's new £50 note EdinburghLive

External links

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England and Wales
Bank of England
Current
Discontinued
Non-circulating
Scotland
Bank of Scotland
Royal Bank of Scotland
Clydesdale Bank
Current issue
Discontinued
Northern Ireland (currently issued)
Bank of Ireland
Danske Bank/Northern Bank
Current issue
Discontinued
Ulster Bank
Northern Ireland (no longer issued)
AIB
Crown Dependencies
British Overseas Territories
(at parity with sterling)
See also
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