Which Currency Would an Independent Scotland use?

Which Currency Would an Independent Scotland use?

The Scotsman newspaper has launched an online opinion poll asking which currency an independent Scotland may use.

At time of going to press the results are just too close to call but there are valid arguments for each of the suggested currencies.

Should Scotland use the euro?

Would an independent Scotland use the euro or look to break ties with Europe and become a truly independent country.

Should Scotland use the pound?

Would Scotland, if it elects to become independent in a future referendum try and retain close trading relations with England, Wales and Northern Ireland.

Should Scotland use a newly created currency?

If Scotland dis have its own currency, what would it be called. Some may favour a Scots dollar. Perhaps the Alba would be another popular choice, if the people of an independent Scotland were allowed to decide this.

Jim Sillars, a former deputy leader of the SNP said on the subject "My view is that [Scotland] should have our own currency, after a transition period from sterling. We wouldn't have to necessarily wait that long after independence.

"We could build up a central bank that issued the Scottish currency, which could be called the dollar, so that we're being modern, like Australia for example.

"We've got another 40, 50 or 60 years of oil left, so the currency would be based around oil. It's tenable for countries like New Zealand and Norway to have their own currencies, so I don't see why it can't be for Scotland."

As a company based in Scotland, proud to serve the Scottish people with ethical debt advice, Trust Deed Scotland speak to thousands of people each year and at their head office based in Glasgow, a spokesman said "We believe that the decision should be made by the people themselves. Scotland is a real country and we deserve to be allowed the opportunity to make real contributions towards our own political and economic future. "

It is proposed by the Scottish National Party that a referendum will take place in order to allow Scottish residents to vote on total independence.

The spokesman for Trust Deed Scotland concluded "Whether Scotland becomes independent or not is incidental; we would just like to see the best possible deal for our people, one which we can all agree upon amicably as a democratic country.

Scotland has given the world so much in terms of culture, science and heritage. It would be fitting if we also showed ourselves to the world as a role model for an independent democracy too. "

Posted by Forex Growth Bot .