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50 Pounds Royal Bank of Scotland

Issuer Royal Bank of Scotland
Year 2005
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Shape Rectangular
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Obverse lettering The Royal Bank of Scotland plc Promise to pay the bearer on demand Fifty Pounds Sterling at their head office here in Edinburgh by order of the Board 14th September 2005
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Protection description Lord Ilay visible when held to light; multi-colour holographic strip at lower left of obverse incorporating repeating '£50' denomination numerals
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The Royal Bank of Scotland's right to issue its own banknotes in Scotland is a historical anomaly that has survived every attempt at rationalization — including several serious parliamentary pushes after devolution. RBS has held that privilege continuously since its founding charter of 1727, making it one of the oldest surviving note-issuing commercial banks in the world.

Thomas De La Rue has handled RBS production across multiple series, and the 2005 issue falls within a security upgrade cycle driven by increasingly sophisticated counterfeiting of Scottish notes in the early 2000s — the hologram strip on this denomination being a direct response to documented forgery attempts on higher-value Scottish paper.

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