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16 May 2022

Millions of people across the country will benefit from cleaner air and cheaper ways to travel and keep active, thanks to £200 million of government funding for new walking and cycling...

12 May 2022

Local Bike Shop Day 2022 was a great success across the UK, with online platforms thriving as well as a surge in the physical footfall seen in-stores!

12 May 2022

We Can, You Can is a celebration of the many faces of cycling. The way we move is changing. And the people leading the change are like me and you. We can, you can.

10 May 2022

The speech sets out the government’s agenda for the upcoming Parliament, outlining proposed policies and legislation. An overview of the main announcements relevant to independent shops is...

28 Apr 2022

To celebrate Local Bike Shop Day on Saturday 30 April, BetterPoints are offering QUINTUPLE points and the chance to win a £55 bike service by choosing to travel on two...

26 Apr 2022

Wheels for Wellbeing is a Disabled people’s cycling organisation who campaign for equal access to cycling...

26 Apr 2022

The annual celebration of bike shops across the nation is fast approaching! Be sure to pop down to your local bike shop this Saturday to get a taste of the passion, knowledge and personalised...

21 Apr 2022

On Local Bike Shop Day 4 lucky customers that purchase a bike through Cyclescheme will be awarded a £250 cycling voucher for the store they collect the bike from! In addition to offering a...

21 Apr 2022

Cytech are attending the Cycle Show and will be demonstrating key practices in bike maintenance that are useful for both the trade and public. Alongside the show we're offering...

21 Apr 2022

The Scottish Government retail division are looking for input with regards to the recent adaptations in response to the Covid-19 pandemic.

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Know your Scottish Polymer ?50 notes - Information for Retailers

Posted on in Business News , Cycles News , Creative News, Outdoor News, Political News

As paper-money-2078084_1920a consequence of the introduction of the Polymer series of Scottish Bank notes to replace the older paper series of issued notes the levels (quantities) of counterfeit Scottish Bank notes in circulation has been significantly reduced.

However, counterfeit Polymer Bank of Scotland £50 notes are now being seen in circulation. At present the passing of these counterfeit Scottish £50 notes seem to be occurring principally in England, with some now being seen in Northern Ireland.

In order to assist Retailers in determining whether the Polymer Scottish £50 notes they receive as payment are genuine, the ACBI following consultation with the UKNCO have produced the document Know your Scottish Polymer £50 notes.

This document highlights the key significant features in the two notes: Colour Changing Ink (BoS only), Window(s), Holographic Foil and Raised print (name of Bank). The counterfeit notes can be readily recognised by checking four features when the notes are passed to you or during subsequent checks. It is however important that you do not focus on just one security feature.

The passing (or tendering) of counterfeit currency is a crime and should be reported to your Local Police and Not Action Fraud. The Police will require the counterfeit note(s) together with any other relevant evidence / information for example: CCTV of suspects, details of vehicle they were using etc.

The Scottish Issuers have confirmed that both the paper £20 & £50 notes will be removed from circulation on 30th SEPTEMBER 2022.

 

Know your Scottish Polymer £50 notes - Information for Retailers

 

 

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