Thursday, October 8, 2009

No 9. The Brixton pound.

The Brixton Pound (B£) is money that sticks to Brixton. It’s designed to support Brixton businesses and encourage local trade and production. It’s a complementary currency, working alongside (not replacing) pounds sterling, for use by independent local shops and traders.

The B£ is the UK’s first local currency in an urban area and the fourth transition town to have its own currency, following the Totnes Pound in Devon, Lewes Pound in Sussex and Stroud Pound in Gloucestershire.

A really nice idea in a community but i am not sure that it would work in ever borough of London however would work in towns in rural settings increasing the community spirit and relationships etc. This needs the support of local people and council to make it work and also would not work as a mandatory requirement.

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