Currency

Answer:
Timetable for introduction of Scottish Pound post independence. What will happen to wages and bank account, and pension.

Full answer here: A Scottish Currency in an Independent Scotland



Answer:
A foreign currency reserve is needed to support the domestic currency. It helps maintain the value of the currency and can be sold when required. Having and financing its own foreign currency reserve would cost about half a million pounds cheaper than servicing Scotland's share of the UK reserve.

Full answer here: The advantages of having our own foreign currency reserve



Answer:
A central bank needs to be established. Personal and business accounts need to be set up. Loans can continue to be paid in Sterling or the new currency. Pensions can also be paid in the same way.

Full answer here: How to start Scotland's own currency



Answer:
An independent Scotland needs its own currency. First requirement is a Central Bank. Then there the details of bank accounts, customer accounts (business and personal), repayment of loans, payment of pensions, and the printing and coining of money. All these are technical details which financial institutions are well versed in.

Full answer here: Independent currency requirements



Answer:
The advantages of independence relate to: Self determination Political identity Brexit and EU membership Maintenance of publicly owned health service Control over use of resources Economic control Currency Security and nuclear weapons

Full answer here: Some advantages to Scottish independence



Answer:
According to Modern Monetary Theory an independent currency is necessary to have a properly independent country.  It is possible to establish a currency for Scotland and there are enough resources to provide sufficient monetary resources to support it. 

Full answer here: Currencies Scotland could use after Independence



So the Royal and other banks will Leave Scotland ?

Author / Creator: Scottish Currency Group

Media type: Article

Date published: 2021

Project Fear is like clock-work in bringing up the subject of the Royal Bank of Scotland, and asserting
that the bank will leave Scotland at the first hint of Independence.


Scotland And EU

Author / Creator: Anthony Salamone

Media type: Podcast

Date published: 2323

Scottish Government’s latest independence White Paper on Scotland’s accession to the European Union


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

Author / Creator: Believe in Scotland

Media type: Article

Date published: 2023

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


What an independent Scotland can learn from Denmark

Author / Creator: Believe in Scotland

Media type: Article

Date published: 2023

Lessons for an Independent Scotland: Denmark


The UK Government should be planning for close links with an independent Scotland

Author / Creator: Derrick Wyatt

Media type: Blog

Date published: 2021

Geography and common values would dictate that any government of the new UK that emerged from Scottish secession would seek the closest possible economic and political links with an independent Scotland.


What new institutions of economic policy would an independent Scotland need?

Author / Creator: Gemma Tetlow

Date published: 2022

Building trust in a post-independence Scottish government’s commitments to sound economic policy and sustainable public finances  requires strong, operationally independent institutions 


Scottish independence, Brexit all over again?

Author / Creator: John Crabb

Media type: Article

Date published: 2021

Financial and regulatory implications could arise from Scotland leaving the United Kingdom


An independent Scotland: what would be the options for economic success

Author / Creator: MICHELLE KILFOYLE

Media type: Article

Date published: 2022

An independent Scotland's economic prospects rest on the outcome of tough choices about currency, public finances and membership of the European Union.


Scotland: Currency Options and Public Debt

Author / Creator: Angus Armstrong

Media type: Article

Date published: 2014

What currency option would be best for an independent Scotland


Scottish independence: what are the big economic questions?

Author / Creator: Graeme Roy

Media type: Article

Date published: 2022

The big issues are currency, fiscal sustainability, economic borders, economies of scale, and new institutions required. 


Taxes don’t pay for services – so what are they for?

Author / Creator: Jim Byrne

Media type: Article

Date published: 2023

Austerity is unnecessary with independent taxation powers


A monetary straitjacket: Scottish Government economic plan for independence

Author / Creator: Ben Cooper

Media type: Article

Date published: 2022

"The best that can be said for the Scottish Government’s new economic paper for Scottish independence, Building a New Scotland: A stronger economy…, is that it does not include some of the more hideous ideas contained within 


Twenty-First Century Central Banking and an Independent Scotland’s Currency Choice

Author / Creator: Iain Hardie

Media type: Report

Date published: 2022

"Having the full range of monetary policy options is essential for financial stability. [It enables] an independent Scotland’s government to protect its citizens in crises, whether global or more local.”


Does Scotland need its own currency after independence?

Author / Creator: Richard Murphy

Media type: Video

Date published: 2020

Scotland requires its own currency.