Scottish Banking History
RODrag the paragraphs into the correct order.
A
When this bank was founded in 1695, Scots coinage was in short supply and of uncertain value, compared with English, Dutch, Flemish or French c 1 oin.
B
In most countries it is only the government, through their central banks, who are permitted to issue currency.
C
But in Scotland three banks are still allowed to issue banknotes.
D
To face growth of trade it was deemed necessary to remedy this lack of an adequate currency.
E
The first Scottish bank to do this was the Bank of Scotland.