Whisky bills, also known as “dram bills” or “gill bills,” are promissory notes or IOUs commonly used in Scotland during the 18th and 19th centuries. These bills served as a form of credit, allowing individuals to purchase goods and services on account, with the understanding that they would settle their debts at a later date, typically when they sold their next batch of whisky.
Whisky bills played a significant role in the Scottish economy, particularly in the Highlands, where whisky production was a major industry. They facilitated trade and commerce, allowing distillers and merchants to conduct business even when they did not have immediate access to cash. Whisky bills also provided a degree of financial flexibility, enabling individuals to make purchases without having to deplete their savings or rely on formal loans.
