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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 MONEY. Scotland is part of the United Kingdom and as such uses the UK currency which is known as Pound Sterling. Under this system 100 pence is equal to one pound making working with the UK currency very easy. Twenty pence would be written 20p. Coins: 1 pence, 2 pence, 5 pence, 10 pence, 50 pence, one pound, 2 pounds.