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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.
First of all, the British Pounds and Sterling is the same currency, just two different names on the same baby. British Pounds are used in England, Scotland and in Northern Ireland. But, when travelling to Ireland the currency changes, and in Ireland and in Dublin Euro is the currency to be used.