In his 40-minute address, first in Hindi and later in English, the Prime Minister said the notes of Rs 500 and Rs 1000 "will not be legal tender
from midnight tonight" and these will be "just worthless piece of paper.
It is not legal tender
in the UK - and this is not claimed at any point.
The Bulgarian National Bank (BNB) replaced the note by a coin of the same denomination in 2002 but the note has remained a legal tender
in parallel with the coin.
The old notes will remain legal tender
, and it seems timely to publish a brief description of what 'legal tender
' actually is, and how it works.
UNDER the Coinage Act of 1971, any payment above 20p made in bronze coins can be refused as it does not qualify as legal tender
This currency has not yet been accepted as a legal tender
by any government or central bank in the world.
uk/and look at the section on legal position, she will find the site (the Committee of Scottish Bankers) states that Scottish bank notes are NOT legal tender
even in Scotland.
M2 EQUITYBITES-May 1, 2014-RBS and NatWest reminds customers they can still exchange Houblon GBP50 notes for legal tender
BANKING AND CREDIT NEWS-May 1, 2014-RBS and NatWest reminds customers they can still exchange Houblon GBP50 notes for legal tender
Arizona may soon recognize coin or bullion with gold or silver content to be legal tender
In practical terms, it said that may legal tender
money created by the federal union or the states or the "people" had to be gold or silver coins, or redeemable in gold or silver coins of specified weight and fineness.
The statement issued by CBO pointed out that this new banknote shall be in circulation as legal tender
along with the existing banknotes, which shall continue to remain legal tender
, and circulated side by side with these new notes.