The Research Director of the Adam Smith Institute, Sam Bowman, was quoted in a City Am article discussing a potential currency union between Scotland and the rest of the UK.
However, there seems little doubt that an independent Scotland would be within its rights to declare sterling sole legal tender and borrowing it on the financial markets to hold in reserve.
"Everyone says Mr Salmond needs a Plan B if the UK does not agree to a currency union with Scotland. But unilateral adoption should be Plan A, making Scotland’s economy more stable and secure. The UK’s obstinacy would be Scotland’s opportunity," said Sam Bowman, research director of the Adam Smith Institute on Wednesday.
Read the article here.