I know it’s the UK currency but if you look at a ten pound note it says on it “I Promise to Pay the Bearer on demand the sum of ten pounds”.
If I walked into the Bank of England with a tenner and asked for ten pounds, what would I get? Apart from some funny looks.
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you would get (in exchange for the one you give them) either another £10 note, or 10 x £1 coins or 2 x £5 notes or multiple other mixes of coins and or at least 1 x £5 note along with coins that total up to the £10 ie the face value of the original British bank note that you give them or any other denomination of British bank note you care to hand them
because that’s exactly what it means the bearer or holder of said bank note whatever value it states in the printed design is holding that exact value in British currency, and that’s what it’s worth in monetary value
if you just demand the money or that value in a bank that’s technically a bank robbery/ a crime 🤦🏻♂️
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