How to start Scotland's own currency
A central bank needs to be established. Personal and business accounts need to be set up. Loans can continue to be paid in Sterling or the new currency. Pensions can also be paid in the same way.
Central bank
The need for an independent banking system
With independence Scotland will need to set up a banking system. is an opportunity to redesign the banking system to protect Scottish citizens from the economic fallout of a banking crisis. It is both possible and desirable for Scotland to have an independent banking system to invest in its productive capacity, and to provide financial services to local communities.
TRANSITION TO A SCOTTISH CURRENCY
Alternative Published Date
2020
Fast Facts
The decision on Scottish independence is a decision for the people of Scotland. When making that decision it should be clear which currency an independent Scotland would use.
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SETTING UP A SCOTTISH BANKING SYSTEM
Alternative Published Date
2020
Fast Facts
A Scottish central bank will need to be set up to oversee the creation of a new Scottish currency. It will be the competent authority providing regulatory oversight of the banking system.
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How To Start a New Country & A Short Guide To Starting a New Country
Alternative Published Date
August 2021
Fast Facts
Both books are essential reading for both believers in Scottish independence and undecided voters who seek answers to their practical questions about the processes required for starting an independent country.
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