Scotland to be first to print its own euros?

Central Banking staff
20 Sep 2002

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UK - The Bank of Scotland chiefs are fronting a campaign, which aims to allow Scotland to become the first region in the European Union to print its own euros, if the pound is scrapped.

The bank is planning to take advantage of a clause in the Maastricht treaty, allowing individual nations to print their own euro notes. At present all 11 states in the eurozone use notes issued by the European Central Bank (ECB).

Chief Executive of HSBOS said that producing Scottish notes was a way for the

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