Local Currency Consultation

A loc­al cur­rency is loc­al money which can only be spent with­in a cer­tain area — the aim of loc­al cur­ren­cies is to sup­port loc­al trade and keep money cir­cu­lat­ing loc­ally for longer. 

PEDAL is in the pro­cess of find­ing out what loc­al shop­keep­ers and res­id­ents think about the idea of a loc­al cur­rency for Portobello.  Over the com­ing weeks we will be call­ing in to many of the High Street shops to see wheth­er shop­keep­ers would par­ti­cip­ate in such a scheme.  If enough of them are keen, we will extend our con­sulta­tion and see if there is a wide enough group of loc­al res­id­ents who would join in.  We will also be talk­ing to oth­er loc­al organ­isa­tions.  Once this stage is com­plete, we will decide wheth­er there’s enough impetus loc­ally to sup­port the launch of a loc­al cur­rency.  Let us know below what you think of the idea!

If you want to find out more about how loc­al cur­ren­cies work — and where they’re already mak­ing a dif­fer­ence to loc­al trade — check out the links below.

Wikipedia on loc­al cur­ren­cies — http://en.wikipedia.org/wiki/Local_currency

Lewes Pound – ‘how to’ manu­al —  http://transitionculture.org/wp-content/uploads/Lewes-Pound-How-To-Guide.pdf

Edinburgh Pound — http://edinburgh-pound.blogspot.com/

Brixton Pound — http://brixtonpound.org/

Bristol Pound — http://www.bristolpound.org/

Time Article – ‘Tough times lead to loc­al cur­ren­cies’ — http://www.time.com/time/magazine/article/0,9171,1908421,00.html

Worgl exper­i­ence in Austria in the 1930s — http://en.wikipedia.org/wiki/Local_currency

BerkShares in Massachusetts since 2006 — http://www.berkshares.org/

Local Money – How to make it hap­pen — http://www.transitionbooks.net/local-money-how-to-make-it-happen-in-your-community-by-peter-north

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