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The Scotland 1 Pound banknote was released in 1992 to commemorate the European Summit which was held in Edinburgh in 1992. The banknotes obverse features Lord Ilay who served as the first governor of the Royal Bank of Scotland. The banknotes reverse depicts Edinburgh Castle. The note is 128 x 65 mm in size and carries a solid security thread. It also has a watermark that shows Lord Ilay when held against the light. This Scotland 1 Pound banknote comes in uncirculated condition.