Constitution for Scotland Public Consultation Hub

Section 8.5. The Scots Pound is issued free of debt by the Central Bank of Scotland and in Scotland is the sole legal tender and circulating medium of exchange comprising cash or credit instruments. The origination or placing into circulation of any other money or money substitute shall be an act of counterfeit

Proposed Amendments to Section

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Original Version

  • Avatar admin
    Administrator #1  •  2020-08-16 22:38:10

    Section 8.5. Section 8.5. The Scots Pound is issued free of debt by the Central Bank of Scotland and in Scotland is the sole legal tender and circulating medium of exchange comprising cash or credit instruments. The origination or placing into circulation of any other money or money substitute shall be an act of counterfeit

Proposed Amendment to Section 8.5.

  • Arfem

    NEW ARTICLE 8 - Taxation

    Section 8.5. Taxation shall be designed to incentivise environmentally & socially responsible behavior and focus upon consumption rather than penalizing earnings and profits. Land Taxation by way of Annual Ground Rent or a similar system will also assist in a fair, equitable and ant-avoidance tax regime.

Proposed Amendment to Section 8.5.

  • LouMCowan

    Origin and control of currency

    Section 8.5. Section 8.5 The Scottish currency, as designated and originated by the Scottish Government, is the sole legal tender and circulating medium of exchange comprising cash or credit instruments. The origination or placing into circulation of any other money or money substitute shall be an act of counterfeit.

    3 votes  |  I agree 3 I disagree 0
    No responses

Proposed Amendment to Section 8.5.


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