So Sturgeon Has No Idea What Currency To Use.

[webbo3]

Nicola Sturgeon has said "she dosent know what currency an independent scotland would use.

https://twitter.com/RidgeOnSunday/status/843409045440536576

This isn't a minor detail but a rather important one.

Not the pound according to Salmond

https://www.ft.com/content/e248b414-0a37-11e7-ac5a-903b21361b43

Or Sturgeon

http://www.express.co.uk/news/uk/760160/Nicola-Sturgeon-SNP-Scotland-new-currency



Dave.

[shoota]

The Deutschmark probably....

[dannyk13]

If she wants to independently remain a member of the EU then she will probably have to use the Euro.

[Hopkirk]

Last time they had the silly idea they could use the pound.

[webbo3]

But what if they gain independence but not manage to join the eu.?


Dave.

[Old_Geezer]

Perhaps she'd adopt the Euro anyway in order to suck up to the EU ?

[bednobs]

it's perfectly ok not to know every last detail of pie in the sky plans

[Samjenko]

https://pbs.twimg.com/media/C7E10ShXUAENjGt.jpg

[emmie]

hasn't it already been established they couldn't use the pound?

[douglas9401]

Fear not for "leader in waiting", MaHairy Black, will have all the answers.

Save us!

[naomi24]

Wampum, stones, shells, salt? I’m sure she’ll think of something.

[Smowball]

I think she's just arguing for the sake of it now.

[emmie]

the Scottish pound or the Euro umm.

[New Judge]

“the Scottish pound or the Euro umm.”

There is no such thing as the “Scottish Pound”. Banknotes issued by Scottish banks represent Sterling Pounds. The Bank of England is the central bank for that currency and it holds the monopoly for issuing sterling banknotes in England and Wales and regulates the issuing of Scottish banknotes by the banks it authorises to do so. Such notes are not Legal Tender but are always accepted in Scotland and are widely accepted in the rest of the UK.

There is nothing to stop Scotland using any currency it wishes if and when it becomes an independent nation. It has no chance of creating its own currency (or at least one which will be exchangeable outside Scotland). Furthermore, should it join the EU it will have to pledge to adopt the euro (there is no “opt-out” for new members). Scotland has two problems on this front: (a) it is unlikely to be accepted for membership as it does not meet the economic criteria and (b) (which will probably impinge on (a) its economy does not qualify it for euro membership. But there is nothing to stop it using euros or dollars (though what they might buy them with is perhaps something Ms Sturgeon is not sharing with her voters just for the moment).

[emmie]

NJ
i know that i was being facetious to a degree.

[Jackdaw33]

What was their currency before the Act of Union?

[emmie]

Search Results
The Pound Scots was the nation's own currency before the Act of Union in 1707. There were 12 Pound Scots to a Pound Sterling. More than 80 different banks have placed their notes into circulation in Scotland since 1696.25 Apr 2013

[New Judge]

“What was their currency before the Act of Union?”

The Scottish Pound (I think it was the “Pound Scots”).

[Jackdaw33]

Perhaps they could call it the Porridge (divided into 100 Oats).

[emmie]

NJ
as i pointed out..