are bank of ireland 5 pound note legal tender
Bank of Ireland £5 note The Bank of Ireland Â£5 note is a banknote of the pound sterling. It is the smallest denomination of banknote issued by the Bank of Ireland.
Banknotes of the pound sterling Not since 1945 has there been bigger notes than £50 issued for general circulation by the Bank of England, although banks in Scotland and Northern Ireland still use £100 notes. However, the Bank of England does produce higher-value notes that are used to maintain parity with Scottish and Northern Irish notes. Banknotes issued by Scottish and Northern Irish banks have to be backed pound for pound by Bank of England notes (other than a small amount representing the currency in circulation in 1845), and special £1 million and £100 million notes are used for this purpose. Their design is based on the old Series A notes.[41][71]
Jersey pound Both Jersey and Bank of England notes are legal tender in Jersey and circulate together, alongside the Guernsey pound and Scottish banknotes. The Jersey notes are not legal tender in the United Kingdom but are legal currency, so creditors and traders may accept them if they so choose.[2]
Bank of England £50 note However, a Bank of England source told the Financial Times (FT) in December 2016 that there were no plans to remove the note from circulation. The FT said the removal would be "a loss of Liberty" and raised points that the Â£50 is useful for high value cash transactions, such as eating out.[9]