Marvin Sparks

Thought this was interesting BRIXTON has launched its own local currency. The Brixton Pound will come in B£1, B£5, B£10 and B£20 denominations and can be used in dozens of local businesses in the area following its launch at 7pm tonight. It is hoped that the currency, which has been introduced by volunteers at Transitional Towns with the support of Lambeth Council, will help to boost spending in the area and support local retailers, as the notes cannot be used outside Brixton or be paid into a bank. So far 60 local businesses and 700 local people have signed up to use the currency, with more than £10,000 pledged to be converted into B£ following its launch. Share this ArticleBookmark Facebook Digg Delicious ShareThis(What are these?) How interesting was this article? Recommend About social bookmarking Josh Ryan-Collins, expert in local currencies at the new economics foundation, who helped to develop the B£, said: "The Brixton Pound is a community currency that will enable local p...