Scottish pound - not a pound of raisins


Guess the country in which three local banks issued banknotes of the national currency. And that the currency had circulation only in this country, and nowhere else. And it would, in general, not very illegal. That's right, this is Scotland.

It's not easy here

With Scotland, everything is not easy, and with money in the form of local Scottish pounds as well. Let's figure it out. Scotland is part of the UK - this time. Its official currency, British pounds, is two.

With metal coins, everything is in order - they are absolutely the same. They are minted in one place - in the Bank of England. But with banknotes just a disaster. Not only that, in addition to the generally accepted British, here go local Scottish, so also their most diverse design: from color to the plots in the pictures.

Judge for yourself, there are a total of 294 types of Scottish pound banknotes in the performance of three banks with different colors and denominations.


The most interesting thing is that all banks in Scotland have the right to print Scottish pound banknotes. Just agree to do it all three financial institutions: the Bank of Scotland, which has been doing this already since 1695, the Royal Bank of Scotland and the Bank Clydesdale.

The history of Scotland in money

Who just did not print on their money proud Scots! They have long understood that this is a great way to promote monuments of architecture and history, and there is no reason to talk about national heroes of the most varied sense. And no British royal faces, except in the rarest of cases: for example, the portrait of Elizabeth II is placed on several banknotes with different denominations.

It's all about politics. Scotland has never been and is not going to be an ordinary administrative region of many in the Kingdom of Great Britain. And the Scottish pounds as their own currency were introduced a long time ago - as early as the 17th century, despite the fact that the region in question does not have the status of a state.


Previously, the Scots even minted their coins. This was under King David as early as the twelfth century. At first, the test was real sterling: the weight and dimensions of the coins fully corresponded to the English coins, and the nominal value was 20 shillings and 240 pence.

Then the sample began to decline, and with it began to change the price of the Scottish pound. By the time of the unification of the country in 1707, it began to cost 12 times cheaper than English. But due to the formation of a single state, the Scottish currency was permanently withdrawn from circulation.

Banknotes and Heroes

If the maximum face value of the British pound sterling is £ 50, then the largest Scottish bill is £ 100.

It is remarkable also by the fact that it has a portrait of Walter Scott, who is well known to fans of adventure literature. But he was placed there not for fascinating adventures, but for the fact that he fought long and hard against the English government. And the main topic of his struggle was just the financial claims of the British to the Scots.


For your information, one of the most popular banknotes is 10 Scottish pounds at face value. Its dimensions are 142 x 75 mm, the color is purple and orange with images of Elizabeth II and Charles Darwin.

The color of banknotes can be only in three versions: brown, olive, green. The colors, I must say, are not the most fun, but the overall design is mostly stylish and elegant.

The rate of the Scottish pound is floating, it should always be clarified, despite the fact that it is not officially a convertible currency and cannot be used outside the UK.

On rights and laws

By law, everything would be wonderful: Scottish pounds should be taken everywhere throughout England, as well as British pounds - freely used in Scotland. In fact, this is not entirely true. There are no problems with British pounds. But the Scottish pound sterling may or may not take in the mother UK. You can, of course, start insisting and invoking the law. And you can take care of the exchange in advance, because they are not changed anywhere else, except in the UK.

Tips experienced

The best option would be simply not to take the Scottish pounds in exchange offices, and ask for English. Usually such a request is fulfilled - there is enough English money in any Scottish bank or exchange office.


At par the Scottish pound is equal to the British. And its course to the Russian ruble is similar to the British pound sterling.

As for the question of where to change the Scottish pounds, the answer to it will be unequivocal: the best in Scotland. It is less desirable, but perfectly acceptable, to do so in the UK, but in no way outside the United Kingdom.

Scottish pound in the light of national independence

Own full-fledged currency, which will have to be entered in the new format, is one of the most ambiguous and difficult steps for a new independent Scotland, if such a thing happens.

This issue is seriously engaged in the best financial experts of the world level. Most of them tend to believe that in the case of new conditions of independence, Scotland will be forced to revise social expenditures in the direction of reducing them, including one of the most unpopular steps in the form of raising the retirement age. Yes, and numerous promises, which are generous to politicians - supporters of independence, will also have to be revised.


It should be noted that during the referendum, as well as other events related to the withdrawal of Scotland from the United Kingdom, the Scottish pound rate drops dramatically. Financial markets prefer certainty anywhere, including on a political basis in the UK.

It seems that the issue of independence has been postponed for some time. So, we can hope that this will bring health and longevity to the Scottish pound.

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