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Interesting that the Yes campaign are adamant that they will use the UK pound no matter what
Funny that this post (from 8 years ago) is what popped up when I clicked on the thread to come and ask about the announcement that Sturgeon would want to dump the pound.
Can someone who knows more about this explain to me why that would be a reasonable stance?
Nef-
Im not sure what stance exactly you are asking about but just to cut n paste from the document to give the Scottish Governments current official stance on the subject...
We propose two phases for currency policy after independence.
In phase one, from independence day, Scotland would continue to use
the pound sterling. This does not require any formal agreement with
the Westminster Government. Sterling has been the legal currency in
Scotland for centuries and is internationally traded. The continued
use of sterling would allow time for new institutions, including an
independent Scottish Central Bank, to be established during transition
and to build credibility, ensuring continuity for citizens and
business during the phase immediately after independence.In phase two, a new independent Scottish pound would be established.
This would take place as soon as practicable through a careful and
managed transition. The decision about when the economic conditions
are right would ultimately be for the Scottish Parliament. Part of the
remit of the post-independence Scottish Central Bank would include
advising on these economic conditions. In phase two, the role of the
Scottish Central Bank would expand."I prefer the Shmackarooney but there we go....
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It seems that's its the same pigheadedness as last time we will use this and that. I think it could be made very difficult for a Indy scotland to use it and after the last few years take what any of these politicians say with a pinch of salt.
Stoo61
konastab01
Interesting that the Yes campaign are adamant that they will use the UK pound no matter what, when the rUK is saying categorically they will veto that. Of course an iScotland could use the pound, but would have no say in interest rates etc. A few years ago the pound was a 'millstone around Scotland's neck' and yet now 'the pound is in the best interests of Scotland and rUK'
So why doesn't iScotland simpy use the Mexican Peso? Or the Chinese Yuan? Both are freely traded international currencies and don't have that nasty rUK aftertaste
We live in fucking bizarre times if the Scottish people swallow this BS