Scotland and the Pound The Big Currency Bash. Well, its been hot news since Gideon laid his cards flatly and squarely on the table. The Scots and their Nation are second-class citizens of Planet Earth when it comes to currency sharing. And while I dont normally re-blog items, I saw this post pertaining to the stramash on who can do what with a pound while on Facebook today, and thought it was worth the reposting. Thanks to Mairie NicIllemhoire and Ken Potter for all the information: Im not in favour of the Euro as our currency post-indy, but nonetheless, I found it very interesting to discover that there are several non-EU members who use the Euro as their currency, namely: Andorra, Kosovo, Monaco, Montenegro, San Marino, and Vatican City. With regards to sterling, the current list of official users (plus secondary currencies, in brackets) are: United Kingdom, British Antarctic Territory, Falkland Islands (alongside Falkland Islands pound), Gibraltar (alongside Gibraltar pound), Saint Helena, Ascension and Tristan da Cunha (Tristan da Cunha; alongside Saint Helena pound in Saint Helena and Ascension), South Georgia and the South Sandwich Islands (alongside Falkland Islands pound), British Indian Ocean Territory (de jure, US Dollar used de facto), Guernsey (local issue: Guernsey pound), Isle of Man (local issue: Manx pound), Jersey (local issue: Jersey pound). Apart from these OFFICIAL users of the pound sterling, there are the following places using sterling unofficially: Uganda, Zimbabwe, Zambia, Sierra Leone, Tanzania, Rwanda, Malawi, Botswana, plus the Pakistani city of Mirpur in Kashmir. Historically. After becoming independent, Ireland continued to use the Saorstát pound (Irish Punt), which remained pegged with sterling until she joined the European Monetary System in 1978, whilst the UK remained out. Other areas of the, now defunct, Empire have also used sterling in the past - the gold sovereign was legal tender in Canada despite the use of the Canadian dollar. Several colonies and dominions adopted the pound as their own currency. These included Australia, Barbados, British West Africa, Cyprus, Fiji, the Irish Free State, Jamaica, New Zealand, South Africa and Southern Rhodesia. Some of these retained parity with sterling throughout their existence (e.g. the South African pound), whilst others deviated from parity after the end of the gold standard (e.g. the Australian pound). At this point, Im thinking that someone needs to put this to Better Together, and ask 2 salient questions: 1) Just exactly WHAT makes Scotland different from any and all of these other places? 2) Name one place that has ever been refused the use of sterling. Just one!
Posted on: Wed, 19 Feb 2014 05:22:44 +0000
Trending Topics
Recently Viewed Topics
© 2015