Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise. Section Cash is legal tender—currency or coins—that can be used to exchange goods, debt, or services. Sometimes it also includes the value of assets that can be. Circulating Coins. The Coinage Act of established circulating coins as legal tender. Circulating coins comprise the penny, nickel, dime, quarter, half-dollar. Some currency issuers, particularly the Scottish banks, issue special commemorative banknotes which are intended for ordinary circulation though no Scottish banknotes nor notes from Northern Ireland are legal tender in the United Kingdom. In the same year the Reserve Bank of New Zealand was established. It is by law that any public institution or individual must are coins considered cash refuse using the currency to settle public or private domestic owing. Any payment consisting of up to Swiss coins is legal tender; banknotes are legal tender for any amount. Indian rupees were stamped with Government of Pakistan to be used as legal tenders are coins considered cash the new state of Pakistan in The Philippines has ceased 2 peso and 50 centavo coins of Flora and Fauna Series indue to overminting of the coins of BSP Series that has not included the 2 peso and 50 centavo coins of that series. In finance and are coins considered cash, cash indicates the company's current assetsor any assets that can be turned into cash within one year.