>Of Daniel > Subject: [USMA:34053] Re: dollar coin (was I-93 New Hampshire) > >If Scotland in effect has its own currency that is pegged to the pound,
The currency throughout the United Kingdom is the pound. Scotland is part of the United Kingdom and therefore does not have its own currency. In addition to the Bank of England, pounds notes are issued in the UK by: 3 Scottish banks 4 Northern Ireland banks Each note is backed by the equivalent value in Bank of England notes. Acceptance of any note in the UK is a matter for agreement between the parties. >can they in effect ditch the pound and adopt the euro? No. That is a decision for the UK parliament, not the Scottish parliament.
