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An Independent Scotland’s New Currency

From bloomberg.com

In less than a year, Scotland will hold a referendum on whether to remain part of the United Kingdom. Soon after that, it may face an even more consequential decision: what to call its new currency. Could the pound Scots return after a three-century absence? It’s important not to get too far ahead of events, of course: The pro-independence Scottish National Party favors retaining the pound Sterling, and a lot of voters still haven’t made up their minds. They’ll get some useful information this week, when the SNP, which runs Scotland’s devolved government, offers its vision of how an independent Scotland should be ... (full story)

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