The Bristol pound

[Ghost]

Bristol has launched its own currency.

http://www.telegraph.co.uk/finance/curre...rency.html

Has anyone else seen this kind of system in action?

[bigpaul]

There is something very similar in Totnes.

[Ghost]

Thanks BP
The Totnes pound
http://en.wikipedia.org/wiki/Totnes_pound

What would be the repercussions if more and more places adopted this system?

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Stroud. http://en.wikipedia.org/wiki/Stroud_Pound

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Lewes. http://en.wikipedia.org/wiki/Lewes_Pound

[Hrusai]

jesus what a load of BS, such a stupid idea, as if we need to impede the flow of money this'll probably end up with money going into bristol but not coming out

[Ghost]

(19 October 2012, 14:19)Hrusai Wrote: jesus what a load of BS, such a stupid idea, as if we need to impede the flow of money this'll probably end up with money going into bristol but not coming out

I think that's the whole idea, I'm guessing the locals see it as a way to create local wealth that is re invested into the community.

[bigpaul]

you buy a Totnes pound in TOTNES, it can only be spent in TOTNES, therefore keeping the money in TOTNES.....simples!

[Hrusai]

i get the idea, i just think its bloody stupid

[bigpaul]

(19 October 2012, 14:31)Hrusai Wrote: i get the idea, i just think its bloody stupid

not really, it keeps the money in the town.

[NorthernRaider]

Bristol pound or British pound the locals are just trying to avoid having to pay for a round " Oh sorry I only have Taunton Pounds and Cardiff pounds on me " It would be simpler if that region just went bank to bartering " Oyl give you foive mangel worzels fer your daughter Farmer Scrumpy" ......" Its a deal and oye will toss in a sheep for your Welsh counsin to wed oooh arr "

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" Youve got twenty acres and oyve got forty three, Oh I gotta brand new combine arevester and oyl give you the key "
Bristol Chamber of Commerce Meeting minutes

[Carnebwen]

Good idea. Saves a lot of the money leaving the economy from making its merry way to being spent in Eastern European countries.