A Bill to amend the Currency and Banknotes Act 1954 to allow banknotes in addition to those issued by the Bank of England to be legal tender; and for connected purposes
House of Commons
2 May 2012
This Bill would amend the Currency and Banknotes Act 1954 to allow banknotes issued by organisations other than the Bank of England to be legal tender, alongside Bank of England notes. It also sets out the related rules and processes needed to support this change.
The bill is at the second reading in the House of Commons, where its general principles are debated. If supported, it will move to detailed scrutiny in Committee stage and then on to further parliamentary stages and the House of Lords.
Generated 21 February 2026
No recorded votes for this bill yet.