STERLING....... Avinash Persaud is emeritus professor of Gresham College, chairman of Intelligence Capital, and a former global head of currency research at JP Morgan...... and he states the following: there is nothing stopping an independent Scotland from declaring sterling sole legal tender and borrowing it on the financial markets to hold in reserve. However much it may appear to be like having your cake and eating it, neither action requires the permission of the rest of the UK.
Posted on: Tue, 08 Jul 2014 09:48:46 +0000
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