What currency can Scotland have when independent?

Scottish Currency Group

Author / Creator: Tim Rideout

Media type: Facebook group

Date published:

People working towards the introduction of a Scottish Currency 'as soon as practicable' after Independence Day.   A Facebook group.


Scottish Reserve Bank

Author / Creator: Tim Rideout

Media type: Blog

Date published:

The Scottish Reserve Bank website attempts to clear up many of the deliberate myths surrounding the establishment of a new Scottish currency 


How to make a Currency: A Practical Guide

Author / Creator: Peter Ryan

Media type: Policy Paper

Date published: 2016?

This is the most detailed and authoritative paper yet produced on how to introduce a Scottish currency in the event of independence.


Backing Scotland’s Currency – Foreign Exchange Reserves for an Independent Scotland

Author / Creator: Peter Ryan

Media type: Policy Paper

Date published:

Examining how an independent Scotland could back and defend a Scottish currency. Rereign reserves can be backed by debt and asset negotition, Sterling currency in circulation in Scotland, foreign exchange swaps with the Bank of England, and issuing Euro bonds.


A Silver Chain – A Critique of the Sustainable Growth Commission’s Monetary Policy Recommendations

Author / Creator: Craig Dalzell

Media type: Review

Date published: June 2018

In May 2018 the Sustainable Growth Commission made its final report, presented as a series of recommendations on the economic, fiscal and monetary case for Scottish independence. This document does not cover the full gamut of policies which would be directly affected by independence nor does it cover the full range of institution building required by a nascent independent state. The report discusses the creation of a “Central Bank”, but creation of other institutions such as energy regulators, customs and borders agencies and foreign and diplomatic services lay outwith its remit.


Scotland’s Fiscal Future

Author / Creator: Craig Dalzell

Media type: Policy Paper

Date published:

The quest for GDP and GDP Growth is not sustainable in a finite world.  Metrics such as environmental impact, inequality and wellbeing are far more important and only by elevating them above the quest for “growth at all costs” can a truly fair and sustainable Scotland be created.


An Investment-Led Economic Development Framework For An Independent Scotland

Author / Creator: Common Weal

Media type: Policy Paper

Date published:

Scotland, if independent, could improve its performance across 12 key pillars of its economy. There are a number of economic theories beyond the current one used by the UK. An investment-led economy would include laying down the foundations of a Green New Deal.


Scottish Currency Options Post-Brexit

Author / Creator: Craig Dalzell

Media type: Policy Paper

Date published: July 2016

Setting up a new currency, if an independent Scotland chooses to do so, will involve planning but the steps involved are well understood. Currency options include a formal currency union with either Sterling or the Eurozone; Unilateral use of either currency; or a new Scottish currency. The recommendation is for an independent £Scot


ScotPound: Digital Money for the Common Good

Author / Creator: New Ecconomics Foundation

Media type: Policy Paper

Date published:

The introduction of a digital currency with a new payment system would provide the world’s first publicly owned, not-for-profit national payment system.  It would enable Scottish businesses to accept payments without being charged fees by banks and credit card firms. It would be available to all with mobile phones. It would demonstrate that a new national currency can be created and implemented


The introduction plan for the new Scottish Currency

Author / Creator: Tim Rideout

Media type: Policy Paper

Date published: 2020

The introduction of a new currency needs to account for customer deposits and loans and the Sterling pensions guarantee.


Currency Tests

Author / Creator: Tim Rideout

Media type: Policy Paper

Date published: 2020

The Sustainable Growth Commission's tests for to establish a new currency are flawed.  A new 7-point set of tests are proposed.