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I find it so weird that in most other countries they only have one bank that prints money
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@Vefka yeah, currently there's 3 in Scotland that print money (in addition to Bank of England),
Bank of Scotland,
Royal Bank of Scotland,
and Clydesdale Bank -
@Sherbie-kun <3idk about Scotland's economic system but here it sounds logic, the main central bank prints money and gives it to comercial banks at some interest and then comercial banks deal with people and orgs
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@Vefka yeah, that's one way, I just find it's a bit odd only having one main bank
here if I go to a Bank of Scotland branch or ATM, I'll only get Bank of Scotland notes, if I go to the other Scottish banks that print money, I'll get their notes (this is also true in the areas of Ireland that still use pounds), but with other banks' atms or cashback in shops, I may get all of Scotland's notes, or Bank of England notes
Here they have special millions pound notes that the banks make and they give them to the English central bank so the money is backed by the English central bank