LeagueDweeb wrote:
Set up their own central bank & print it's own money. Simply peg it to the English £ for cross border trade, vary it as they choose for foreign exchange.
Join the euro & take advantage of the ECB.
Plenty of options avaialble.
All of them crap for either or both countries.
A currency union between Scotland and rUK would be like a euro zone comprising solely of Germany and Greece. Try selling that to the Germans
If Scotland pegs it's currency to the pound without a formal currency union it wouldn't be able to run a budget deficit of more than a couple of groats
A sterling currency union will not happen, the pound would collapse at the mention of the idea. Scotland's best option would be to join the euro, IF that could be achieved