24.04.2013 - Scotland's currency options
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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