Legal tender coins explained

Legal tender coins explained

The rules around the legal tender status of coins in the UK are set out in the Coinage Act 1971 and the Currency Act 1983. In England, Scotland, Wales and Northern Ireland, all coins minted by the Royal Mint and authorised by Royal Proclamation are legal tender.

The following coins are legal tender in the UK:

Currency Converters – Do they add up?

Currency Converters – Do they add up?

When choosing a currency calculator, make sure that the purpose of your query fits the purpose of the calculator. If you want to know a mid-market exchange rate, don’t use a currency calculator on a travel money website or one on a money transfer website.

Ask yourself what you want to use the currency converter for. If you want to trade currency on the foreign exchange market, you’ll need to consider using a paid-for currency rates service with real-time information without delays.

Money Quiz Questions

Money Quiz Questions

At the time of writing, in 2020, there are nineteen countries in the Eurozone:

Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.

Rock star money: These bands issued their own banknotes

Rock star money: These bands issued their own banknotes

15,000 of these rock star money bills were rained down on the Foo Fighters fans during the concert, launched from confetti cannons. From a distance the banknotes resemble $100 dollar bills. Upon closer inspection one can spot a number of interesting modifications. These include: