There is a level of ignorance about the powers a Bank has illustrated in the postings.. No offence intendedWould we stop printing their Scottish bank notes? We can't let them print their own pound notes can we? (I think we print them now)Just had a look on wicky, it looks like they print their own, so surely that would not be allowed to continue, Would they have to use English notes (that would go down well)
A Bank is given a licence to print money. The power of the Central Bank is limited.
Now. BANKS in Northern Ireland print their own, Banks in Scotland print their own, and numbers of major banks in England do the same.
Now Pounds issued by the Bank of England are effectively currency in all parts of the UK..and indeed we will accept them in RoI. However currency issued by NI banks, is looked at suspiciously in Scotland, and rejected in England . Ditto for Scottish banknotes outside Scotland.
In fact Euros will have greater currency in the UK than regional banknotes.