How easily could an independent Scotland set up its own currency?

Primary Author or Creator:
Believe in Scotland
Publisher:
Bella Caledonia
Alternative Published Date
2023
Category:
Type of Resource:
Article
Fast Facts

mini case studies to highlight the positives of adopting a new currency

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The issues surrounding the creation of a new Scottish currency should not act as an obstacle for independence. The timing of implementation of the Scottish currency would be whenever worked best for Scotland – which would be dependent on the prevailing political and economic circumstances post-independence. 

If launching a new currency were to unfold similarly to the [three European] countries described above, an independent Scotland would likely be able to experience stability and greater financial control and flexibility that we do not currently enjoy as part of the UK. 

English