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Nothing of value backing the banknotes in scotland

Alan Smith made this Freedom of Information request to Scottish Government

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Dear Scottish Government,

You recently stated that we don't have a gold reserve.

Q.1. What is backing up the three different banknotes that are within circulation in scotland?

Q.2. What is the value behind these banknotes that make it so valuable that the government needs to borrow them and pay interest upon the usage?

Yours faithfully,

Alan Smith

Scottish Government

1 Attachment

Dear Mr Smith

 

FOISA Acknowledgment of request

 

Thank you for your request dated 26 November 2018 under the Freedom of
Information (Scotland) Act 2002 (FOISA) for “You recently stated that we
don't have a gold reserve.

 

Q.1. What is backing up the three different banknotes that are within
circulation in scotland?

 

Q.2. What is the value behind these banknotes that make it so valuable
that the government needs to borrow them and pay interest upon the usage?

 

We received your request on 26 November 2018 and will respond in
accordance with FOISA by 27 December 2018.

 

If you have any queries, please contact me quoting case number
FoI/18/03573.

 

Yours sincerely

Francis Taylor

Francis Taylor | Policy Advisor | Financial Services and Fintech Policy
|Innovation, Investment and Industries Division | Directorate for Economic
Development | Tel: AQ: 0131 244 1200 | email: [1][email address]

 

 

 

 

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References

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Scottish Government

2 Attachments

Dear Mr Smith,

 

Please find attached the response to your recent Freedom of Information
request which was dated 26 November 2018.

 

Yours sincerely

Francis Taylor

Francis Taylor | Policy Advisor | Financial Services and Fintech Policy
|Innovation, Investment and Industries Division | Directorate for Economic
Development | email: [1][email address]

 

 

 

 

 

 

 

show quoted sections

 

References

Visible links
1. mailto:[email address]

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