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An Independent Scotland Could Face Currency Limbo: British Lawmakers

wochit politics
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August 08, 2014 AT 4:52 AM
British lawmakers warned on Friday that Scotland may be left in a currency limbo if it votes for independence, because it is uncertain if it could continue using the pound or immediately join the euro. Uncertainty over what currency would be used after independence remains a major campaign issue--just weeks before Scots vote in a September 18th referendum on whether to leave the United Kingdom, after 307 years of union with England. Britain's three main political parties have ruled out a formal currency union, but Scottish nationalist leader Alex Salmond has said he is confident a deal would be done and that Scotland "cannot be stopped from keeping the pound".