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05 June 2007

Don't like the Treasury or the Bank of England? Think the legal tender of the United Kindom is kinda ugly? Then make your own currency, like this town is doing!
"A south Devon town has taken a step towards having its own currency after a month-long experiment.
Three hundred Totnes pounds were printed in March for circulation only in local outlets...
The experiment, which has just finished, could be followed up by another print-run of 3,000 notes later this year...
Marjana Kos, of TTT, said: "It's keeping wealth here. It's keeping local trade alive and supporting local businesses."" (BBC)
Okay, it's not quite like I made out, but hey. The Totnes pound notes are copies of a note last in circulation in 1810, and work as a good way of keeping wealth in the local area. It is certainly quite an interesting idea, but I'm not sure if it will really take off either in Totnes or be re-created elsewhere in the UK.

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