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Scotland Sets Out Vision for Its Own Central Bank and Currency

  • Government is aiming to build the case for independence
  • First Minister Nicola Sturgeon wants vote in October next year
A person walks with the saltire design of the national flag of Scotland in Edinburgh, U.K. 

A person walks with the saltire design of the national flag of Scotland in Edinburgh, U.K. 

Photographer: Emily Macinnes/Bloomberg

An independent Scotland would transition to its own currency overseen by a new central bank, according to the latest Scottish government paper designed to build the case for breaking away from the rest of the UK.

Scotland would also seek to rejoin the European Union, improve energy security and implement an immigration policy that could boost the working population, the Scottish National Party administration said in its blueprint for the economy.