Why Banknotes issued by Bank of Scotland ar not exchangenable in overseas example in South East Asia?

Hi!

Yes, you are quite right in that.

The reason most Southeast Asian banks don't exchange Bank of Scotland notes is because Scottish Pounds are legal tender ONLY in Scotland.

You could not even use those pounds to pay in England or in Northern Ireland! And that's why no self-respecting forex counters would accept Scottish Pounds!

Btw, if you have Scottish Pounds with you, it is best to either keep them as a souvenir, or try exchanging them at the Airport forex counters. If everything else fails, just keep in with you until you visit Scotland!

Scottish Banknotes are regarded with suspicion or rejected outside of Scotland because they are rarely seen. Since 3 Scottish banks have the right to issue legal currency (not legal tender) there are 3 different designs for the same value which can further confuse bank or bureau de change staff.

because the bank of England issues guidance to other countries on notes and they don't include Scottish notes in the guidance they offer, its just pure arrogance and ignorance from the bank of England.

I live in Northern Ireland and Scottish notes can be used here, i see royal bank of Scotland £5 notes and Bank of Scotland £10 notes all the time....

Scottish Notes are legal tender anywhere as the banks are licensed to produce their own sterling note...as i said, its just arrogance and ignorance that stops people accepting them.

perhaps it is legal currency like fred says and not legal tender like I've stated...

I always remember a comment I got from a ticket tout in London about 12 years ago..when i gave him the scottish notes he laughed and said this better not be scottish drug money..haha but later on that night I bought charlie from the same guy...