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Scotland’s currency options

Posted on 24 April 2013

A Scottish currency – let’s call it a Scotdollar – would be a simple solution. Royal Bank of Scotland, Bank of Scotland and Clydesdale already print their own notes, so a switch in name and letting it float against other currencies would not be much of a leap.
But as Iceland has discovered, currencies belonging to small countries can rise and fall with alarming regularity, causing havoc for exporters. And pain comes with a fall. A decline in the value of the Scotdollar would push up the cost of imports and send inflation soaring. Businesses would say they could not plan with such uncertainty………………………………………..Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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