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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.
English notes are accepted in Scotland. I have to admit though that if you are going from Scotland to England and call in at some very small shop, the shopkeeper might look at your Scottish money a bit strange! English and Scottish Currency. Coins come in denominations of Â£2, Â£1, 50p, 20p, 10p, 2p and 1p.