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V17 2014 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 17, Number 5, February 2, 2014, Article 19

THE BANK OF ENGLAND £1M AND £100M BANK NOTES

Now THOSE are high denomination notes! Here's an article and video about the rare and rarely-seen £1M AND £100M Bank of England notes. -Editor

Bank of England 100 million pound note For the first time the Bank of England allows the £1m and £100m bank notes, which underpin the Scottish banking system, to be filmed. Economics Editor Faisal Islam gets his hands on them.

The £100m banknote is generally held by the Scottish banks in order to back-up banknotes that are issued in Scotland.

The notes are a physical manifestation of the relationship between the Bank of England and the Scottish banking system, something that was discussed on Wednesday by the Governor of the Bank of England Mark Carney.

To read the complete article, see: Got change for £100m? - video (www.channel4.com/news/scotland-bank-of-england-independence-100m-banknote-video)

Wayne Homren, Editor

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To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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