Allow Gold & Silver to be legal tender/currency in the UK

Rejected 9 signatures

What the petition asks

Amend Article 2 of 'The Exchange Control (Gold and Foreign Currency) (Exemption) Order 1979' to remove the prohibition of using gold and silver as payment for products/services; as well as any other corresponding legislations that go against this request.

The reintroduction of gold and silver as legal tender/currency will assist in combating inflation as it will maintain a consistent value year on year. It will also help boost trading with other countries, increasing the UK's rate of development. Additionally, it will allow the circulation of money to flow through the economy which will greatly aid in reducing homelessness, unemployment rates, crime and many other detrimental factors affecting the UK.

Why it was rejected

The UK Government or Parliament was already taking the action it asked for.

Gold and silver can already be used for transactions, and the Exchange Control (Gold and Foreign Currency) (Exemption) Order 1979 does not prohibit this. It is up to individual businesses whether to accept gold and silver for transactions.

Timeline

11 Mar 2024	Petition opened for signatures
27 Mar 2024	Rejected by the Petitions Committee

Key facts

Signatures 9

Status Rejected

Rejected 27 Mar 2024

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