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« The BBC is Biased… It’s Official | Main | The CBC—as Bad as the BBC... »


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The Bank of England was founded by a Scottish entrepreneur, William Paterson, so it's less surprising to have Adam Smith featured on the £20 note.

Moreover the Bank of England is the central bank for the whole of the United Kingdom and its four constituent countries, England, Scotland, Wales, and Northern Ireland, and its writ on money supply, bank regulation and interest rates apply with equal effect.

While ther is a Bank Of Scotland it is not a central bank.

Finally, Paterson was one of the powers behind the ill-fated Darien Scheme at Panama which bankrupted Scotland and the ensuing depression led to the 1707 Union of parliaments.

I guess Borat is right about Kazakhstan!

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