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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, in common with the rest of the UK uses Pound Sterling (GBP) divided into 100 pennies (or pence). Scotland uses banknotes issued by three different commercial banks;- Royal Bank of Scotland, Bank of Scotland and the Clydesdale Bank. Bank of England banknotes are rarely accepted in Scotland.