Page last updated at 12:48 GMT, Friday, 24 April 2009 13:48 UK

Local currency scheme is extended

Lewes pound
New designs for the notes will draw on ideas from Lewes residents.

A scheme which gave an East Sussex town its own currency to support the local economy will be extended beyond its one-year trial period.

Organisers said the Lewes pound, released in September 2008, had been a success, with half of those using it increasing their spend in Lewes stores.

New notes in L£1, L£5 and L£10 values will be issued from July but old notes will be valid until 31 August.

More than 31,000 notes issued so far are accepted by more than 130 traders.

The Lewes pound works like a voucher and is equal to a sterling pound.

New note designs

Oliver Dudok van Heel, of the Lewes Pound Group, said the response to the trial phase had been "overwhelming".

"There is clearly an appetite within Lewes to extend the scheme and ensure that this initiative further helps Lewes be a thriving and sustainable community," he added.

Organisers have said designs for the new notes will draw on the creativity of local artists and schools.

The Lewes pound is a joint initiative by the Lewes Pound Group and Transition Town Lewes, which is made up of local residents whose aim is to campaign for a more self-sufficient community.

The town had its own currency between 1789 and 1895.



Print Sponsor



FROM OTHER NEWS SITES
Guardian Unlimited Rebellious town of Tom Paine and bonfire revels prints own banknotes - 1 hr ago
Channel 4 News Town launches its own currency - 14 hrs ago
The Sun EAST SUSSEX town rolls out its own legal tender to boost the local economy - 16 hrs ago
Telegraph Town launches its own currency as rival to the pound - 24 hrs ago
Wakefield Express Historic town launches its own local Lewes Pound - 26 hrs ago


SEE ALSO
Lewes launches its own currency
09 Sep 08 |  Sussex
Traders prepare for own currency
22 Jul 08 |  Sussex
Lewes plans its own local currency
12 May 08 |  Working Lunch
Totnes steps up currency project
22 Jun 07 |  Devon
Town poised for its own currency
04 Jun 07 |  Devon

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC iD

Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific