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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.
All bank notes-Scottish, English-are legal currency in Scotland but Scottish notes are not legal currency in England and Wales though they can used for purchases if the recipient agrees.Similar applies to Northern Ireland notes.ome Scottish banks issue their own banknotes but they are accepted in Scotland and in some places in England & Wales. Northern Ireland banks also issue their own banknotes but they are rarely accepted outside Northern Ireland.