16 September 2014

Notes to Treasury

I don't understand this (from here in The Independent):

Britain’s banks have been quietly moving millions of banknotes north of the border to cope with any surge in demand by Scots to withdraw cash in the event of a Yes vote in Thursday's independence referendum, it has emerged.
Sources told The Independent the moves have been taking place over the past week or so in order to make sure ATMs do not run out on Friday in the event of a panic reaction to a “yes” vote. There have been some suggestions that people will want to move their money to English banks in the event of an independence vote.
The overwhelming majority of ATMs in Scotland spit out Scottish banknotes (if you ask them nicely).  If there is a Yes win, what would be the point in stocking up with such notes?

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