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Scottish Bank
d) But in Scotland three banks are still allowed to issue banknotes.
e) To face growth of trade it was deemed necessary to remedy this lack of an adequate currency.
a) The first Scottish bank to do this was the Bank of Scotland.
c) In most countries it is only the government, through their central banks, who are permitted to issue currency.
b) When this bank was founded in 1695, Scots coinage was in short supply and of uncertain value, compared with English, Dutch, Flemish or French coin.
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