Talk:Pound Scots

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Is there a reason the name is Pound Scots rather than Scots Pound? -- Nik42 29 June 2005 19:05 (UTC)

We say Pound Sterling too, by the way. Doops | talk 16:50, 4 October 2005 (UTC)

Pound Scots was the traditional way to refer to it, also, ditto Doops comments. --MacRusgail 18:25, 30 July 2006 (UTC)

[edit] Deflation

Was there really overall deflation over the 18th century? The article, saying that the pound Scots "declined in value at a greater rate than the English currency" which implies there was. In a climate of overall inflation (as we're used to today), we would say that it grew in value at a slower rate than English money. Doops | talk 16:50, 4 October 2005 (UTC)

If a currency declines in value, that's inflation, not deflation. A lower value for the pound means it takes more pounds to buy the same goods and services, thus, higher prices Nik42 10:55, 9 November 2005 (UTC)

The decline in value was over a much longer period than the 18th century - the English and Scottish Pounds had the same value in about the thirteenth century, I think, and the 12:1 exchange rate was what was in effect by the time of the Act of Union. -- Arwel (talk) 15:48, 9 November 2005 (UTC)

[edit] Images

Please note that Scottish banknotes issued since the Union are not "Pounds Scots" but "Pounds Sterling". This is why I'm deleting the picture of an RBS £1 note someone has put on this article today. -- Arwel (talk) 13:13, 10 August 2006 (UTC)