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Last Updated: Friday, 22 June 2007, 12:31 GMT 13:31 UK
Totnes steps up currency project
Totnes pound note
The notes will be available for the next six months
Devon town Totnes is expanding its trial of its own currency, producing 10,000 Totnes pounds which will be circulated over the next six months.

The town has already tested the idea with 300 Totnes pounds.

The aim is that money remains in circulation in the town, boosting the local economy.

The notes, which are printed locally, are legal and act like book tokens. They will be available to purchase at the rate of 10 for 9.50.

Food guide

Marjana Kos, of Transition Town Totnes, which is behind the idea, said: "The second phase is designed as a larger experiment which will assist the development of a permanent local money system that supports the local economy and prevents money from 'leaking out'."

Transition Town Totnes is a volunteer group that aims to make the town more self sufficient.

It has also produced a new guide to promote buying and eating local food.

Symbols indicate organic food and how close to Totnes the food and drink is sourced.


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