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Quick Answer. Like the rest of the United Kingdom, the currency used in Scotland is the British pound. Scottish banks do print their own version of the pound, which are called Scottish notes. These notes are widely accepted across the United Kingdom but may be denied in rare cases. One pound is made up of 100 pence.
Scotland has banknotes issued by three banks, Clydesdale, Bank of Scotland and Royal Bank of Scotland and these are not legal tender anywhere except Scotland although you may get away with spending them in London and one or two other large cities.