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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.
In N. Ireland its GBP (Sterling) as in Scotland but Scotland does have its own Â£5/Â£10/Â£20 etc. notes which are legal currency in England as well - though sometimes the English shopkeepers look at you strangely when you try to use them! We also still have Â£1 notes in circulation in Scotland although they are not used as much as Â£1 coins.