Wednesday, September 10, 2008

Town Creates Their Own Currency


Slow economic times are not good for moral. Lewes, a small historic town in South East England, decided to combat the economic downturn by developing their own currency to be used within the town. Over 70 local businesses have agreed to accept the Lewes Pound, the equivalent of a pound sterling, as payment for goods and services. The Lewes Pound works as a voucher and over 10,000 have been printed.  Organizers wanted to boost community pride while boosting the community's economy by encouraging people to buy locally.  

No word yet on whether the initiative is working, but the idea is novel if not rebellious. Cheerful Scoop salutes such moxie. 

(Originally reported by the BBC. Special thanks to Ann Marie for sending this news item to Cheerful Scoop.)

11 comments:

Sabrina said...

i hope they do well, let us know if you hear how it's working - more power to the Brits!

Constructive Attitude said...

Seriously? That is one smart idea. I think we should all learn something from them.

Amy said...

Those crazy Brits! Wonder how many Lewes pounds each person got to start?

Adrian Morgan said...

Hi, i love reading your posts. PLease read my new post called RESPECT. leave me a comment and pass on the word about how respect needs to be talked about. Thanks!
xxoo
adrian

A. Chang said...

Gee, I learn a lot by going through this website!

A Country Wife said...

ooo I live near Lewes, I will keep an eye out for the Lewes Pound.

Amy said...

Hmmm...nothing to be cheerful about lately?

Kim Williams said...

reminds me of a recent read "Discipline" in which our world is 'saved' by the advent of a new currency backed by gold.

smiles on.

The Parkerilla said...

Thats got me thinking about my own British town. What images would we put on our own bank notes to make them specially ours. A question for my blog I think, it'll be fascinating to see what people think.

cheers

The Parkerilla

Gorgeousbubbles said...

You've been Tagged for a MEme

Elizabeth said...

What a fantastic site you have!! I'm so glad I've found you, nice to have happy news.

Love the new currency idea.