The Bristol pound

[Scythe13]

(20 October 2012, 10:02)Skean Dhude Wrote: Scythe, This has been around for years and can do none of the things you suggest about inflation. They work on a 1 GBP = 1 BSP basis because the instant they deviated someone could make money from trading the pounds themselves and make a mint while if your GBP could buy more in Bristol people would go there to buy which sounds good but they have to resupply and suppliers won't be keen on BSP.

Seriously?!?!?!? That's just retarded!!!

I remember being told that some villages used an internal currency and used it to standardise pricing and pay. Having it as a £1 = £1 is just stupid, same as the Scottish Pound. It's just a British Pound in disguise, and is acceptable in all shops. What says the Bristol Pound would be any different to the Scottish Pound in that sense? The reason the Scottish pound hasn't vanished is simply because it's not only useable in Scotland, but everywhere in the UK.

It'll be interesting to see how a major city copes with the 'new currency' (or a new shape of the countries currency).

I still think that a major city changing the currency could damage the reputation of the GBP in the international markets. But then again, who knows.

In regards to people trading the Bristol Pound for GBP's.....that's to be expected. It'd just be Forex Trading. But if they maintain the £1:£1 ratio, then it wouldn't work.

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The more I read about the Bristol Pound and other places doing the same, the more I think it's a funny idea, but not really of much use.

I am surprised about the £1:£1 ratio being maintained. I thought it was just a temporary holding value.

I feel so foolish now.