Clydesdale Bank £5 note banknotes by Scottish banks was regulated by the Banknote (Scotland) Act 1845 until it was superseded by the Banking Act 2009. Though strictly not legal tender in Scotland, Scottish banknotes are nevertheless legal currency and are generally accepted throughout the United Kingdom. Scottish banknotes are fully backed such that holders have the same level of protection as those holding genuine Bank of England notes. The £5 note is currently the smallest denomination of banknote issued by the Clydesdale Bank. Scottish banknotes are not withdrawn in the same manner as Bank of England notes, and therefore several different versions of the
Federal Reserve Note denominated notes since the 1990 series a vertical laminate strip imprinted with denomination information, which under ultraviolet light fluoresces a different color for each denomination ($5 note: blue; $10 note: orange; $20 note: green; $50 note: yellow; $100 note: red). According to the central banks, the number of counterfeited bank notes seized annually is about 10 in one million of real bank notes for the Swiss franc, of 50 in one million for the Euro, of 100 in one million for United States dollar and of 300 in one million for pound sterling. Critics, such as the American Council of