Friday, 17 March 2017

Scotland to have its own national currency after independence - Alex Salmond

Alex Salmond

Following the controversial question asked Joanna Cherry few days ago, it appears the former First Minister and a strong advocate for Scottish independence Alex Salmond has come up with a solution, saying Scotland could let go of the British pound and get its own national currency, should they leave the rest of the UK.

He stated that Scotland does not need neither the euro nor the pound, but then he also said the pound sterling would be put to use pending when the new currency comes into circulation.

Salmon speaking also stated that Scotland would seek to remain in the EU single market, in the even of Scotland splitting from the rest of the UK.

Nonetheless it would now have to initially leave the European Union (EU) after Theresa May ruled out a second independence referendum before Brexit.

He told the Financial Times: “The question of continuity that matters is continuity within the single marketplace, the European Economic Area.

“Don’t underestimate the reservoir of goodwill that Scotland has now.”

Ms Strugeon's hopes for a fresh vote for independence - just four years after the 'once in a generation' 2014 vote - initially sent the pound plunging as markets feared fresh uncertainty for Britain's future.


But Mrs May's refusal to bow to the Scottish First Minister helped pushed sterling higher yesterday, along with signs the Bank of England could be getting closer to raising interest rates.

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