A Scottish Currency in an Independent Scotland Question Answered Can Scotland afford to be independent? Can Scotland have an independent banking system? Does Scotland have a deficit? How will pensions be paid in an independent Scotland? What currency can Scotland have when independent? Author or Creator Yes Southside Dr Tim Rideout Zoom video by Tim Rideout. Timetable for introduction of Scottish Pound post independence. What will happen to my wages and bank account, and pension.