#ROP-0744Re-order ParagraphsCore & AcademicMedium
Scottish Banks
Official Question Material
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But in Scotland, three banks are still allowed to issue banknotes. | In most countries, it is only the government, through their central banks, who are permitted to issue currency. | To face the growth of trade it was deemed necessary to remedy this lack of an adequate currency. | When this bank was founded in 1695, Scots coinage was in shod supply and of uncertain value, compared with English, Dutch, Flemish or French coin. | The first Scottish bank to do this was the Bank of Scotland.
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