Constitution for Scotland Public Consultation Hub

Section 8.2 The National Currency of Scotland is the Scots Pound, being Constitutional Money guaranteed by the State in accordance with the Constitution.

Proposed Amendments to Section

Please scrutinise all the proposed amendments and replies before commenting or voting. Short comments are most often read and must not exceed 100 words.
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Note that the original wording appears again first below and sustains the same comment & voting regime as all other amendment proposals.

Original Version

  • Avatar admin
    Administrator #1  •  2020-08-16 22:37:27

    Section 8.2 Section 8.2 The National Currency of Scotland is the Scots Pound, being Constitutional Money guaranteed by the State in accordance with the Constitution.

      • kenny321

        Section 8.2 Thank goodness its not the 'dollar' or other currency. It was the Scots Pound when we entered the Alliance, it should be that coming out. Regardless of what other countries may say. An independent Country has the right to use whatever currency it chooses.

        No responses
      • Bennachie

        Section 8.2 The name of the National Currency is an emotive issue. Perhaps, considering this is the digital age, we should be considering a country-wide competition with particular emphasis on the younger generations participating in what will be a matter of significance in their future.

          • LouMCowan

            Section 8.2 Allowing people to vote on the name of the currency will lead to 'spondoolies' or some such

            No responses
          • David Scott

            Section 8.2 Agree. There was a "Pound Scots", once, which went the way of "soft" currencies. Choose a new name, preferably a historic connotation.... "Merk"?

            No responses

Proposed Amendment to Section 8.2

Proposed Amendment to Section 8.2

  • Arfem

    NEW ARTICLE 8 - National Currency\

    Section 8.2 The National Currency is the Scots Pound, guaranteed by the State. It is issued exclusively by the Central Bank and in Scotland is the sole legal tender and means of payment comprising cash, digital credit or sight deposits in bank accounts. The origination or placing into circulation of any other money or money substitute shall be an act of counterfeit. Click for New 8.3 https://cfs-hub.co.uk/comments/880

      • Arfem

        Section 8.2 The whole of Article 8 is too detailed. So this is one of five Proposed Amendments all headlined NEW ARTICLE 8 and with active links to one another. Here at 8.2. we address protecting our new currency from privatisation and speculation by Big Banks. That means a square deal for all and an end to free lunches for a financial elite. It is drafted by a Scots Accountant per this publication by the New Economics Foundation. https://neweconomics.org/uploads/files/1254f6e8b233409758_oym6iv00y.pdf

        No responses

Proposed Amendment to Section 8.2

  • Jim Osborne

    Scottish Currency

    Section 8.2 Section 8.2 Section 8.2 The National Currency of Scotland is the Scots Pound, being Sovereign Money guaranteed by the State in accordance with the Constitution.

    6 votes  |  I agree 6
    No responses

Proposed Amendment to Section 8.2

  • LouMCowan

    National Currency

    Section 8.2 Section 8.2 There shall be a National Currency, issued, controlled and guaranteed by the State on behalf of the people. The name of the currency shall be determined by Parliament.

      • Arfem

        Section 8.2 The significance of omitting Sight Deposits
        This is the everyday money in our current accounts and 97% of all money in circulation. Nowadays it is a simple matter to tag this and leave an audit trail right back to the Central Bank. This will restrict money laundering, speculation against the new currency. The workings of banks become demystified, transparent and accountable to the citizens who guarantee the currency. That can surely never be wrong... Private banks Yes; privatised currency No! That is surely fundamental in any modern Constitution today.

        No responses

Proposed Amendment to Section 8.2

  • PererS

    Scotland shall not have an official currency

    Section 8.2 Scotland shall not have an official currency and its citizens are free to use any currency they choose.

    1 vote  |  I agree 1
    No responses

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