Scottish Central Bank
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
Funding the Scottish Health Service
Author / Creator: Lynne Copland
Media type: Article
Date published: 2023
Scotland in possession of a central bank becomes a currency issuer, which opens doors to investing in areas essential for the wellbeing of its population
Let’s get Scotland’s banking right
Author / Creator: Common Weal
Media type: Video
Date published: 2021
Policies to get banking oriented to customer benefit rather than profit. Pointers on how to establish and run a Scottish Central Bank.
Transition to a Scottish Currency
Author / Creator: Peter Ryan
Media type: Policy Paper
Date published: 2020
The decision on Scottish independence is a decision for the people of Scotland. When making that decision it should be clear which currency an independent Scotland would use. If the people of Scotland vote for an independent Scotland with its own currency, that democratic mandate should be respected.