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.

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.

The SNP must rethink its economic model for an independent Scotland

A critique of the Growth Commission's report. "Far from being an asset to the independence cause, the Growth Commission is its biggest liability. It’s time, as we say, ‘tae think again’."

Type of Resource
Assessment report
Date Published
Primary Author or Creator
Laurie Macfarlane
Additional Author(s) / Creators
Open Democracy

TRANSITION TO A SCOTTISH CURRENCY

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. If the people of Scotland vote for an independent Scotland with its own currency, that democratic mandate should be respected.

Type of Resource
Policy Paper
Primary Author or Creator
Peter Ryan
Additional Author(s) / Creators
Scottish Independence Convention

SETTING UP A SCOTTISH BANKING SYSTEM

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.

Type of Resource
Policy Paper
Primary Author or Creator
Peter Ryan
Additional Author(s) / Creators
Scottish Independence Convention