• 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?

  • 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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