Wednesday, 27 August 2014

Currency in an independent Scotland, an Irish view : Scottish Independence (3)

I am grateful to Noel Howard, an esteemed social care colleague from Ireland, for sending me a copy of a letter to the editor of the Irish Times, which was published this morning, August 27th, 2014. 

Here is the text :


Throughout the Scottish independence debate the No side has consistently taunted the would-be independents with: “How dare you assume you may go on using the British currency?”

Has everyone forgotten that although Ireland wrested her independence from Britain by bitter force of arms, we continued to use sterling for the next half century – even through the economic war with Britain? And cheques drawn on Irish banks were cleared in London? And Irish banknotes, though often refused by shopkeepers, were exchangeable at par in British banks? And even when we introduced the punt, our coinage still continued to work in British vending machines, despite a discount of about 10 per cent?
Maybe other readers can supply reasons for this strange silence. I cannot.

Yours, etc,


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