Product Code Database
The Totnes pound ( t£) was a complementary Local currency currency,"The town already has its own currency, the Totnes pound" in "Devon town bids for eco status (retrieved 20 June 2008) intended to support the local economy of Totnes, a town in Devon, England. It was in circulation from March 2007 to June 2019, when it was discontinued due partly to an increasingly cashless economy.
The initiative was part of the Transition Towns concept, of which Totnes was a pioneer. According to the Transition Town Totnes website, this meant that Totnes was "a community in a process of imagining and creating a future that addresses the twin challenges of diminishing oil and gas supplies and climate change, and creates the kind of community that we would all want to be part of". Transition Town Totnes , April 2008
The anticipated benefits of the Totnes Pound were:
On 30 June 2019 the Totnes Pound was closed, due its declining usage caused partly by the rise of the cashless society.
The Totnes Pound was re-launched in June 2014 in denominations of t£1, t£5, t£10 and t£21. The final designs featured author Mary Wesley, 'father of the computer' Charles Babbage, musician Ben Howard and social activist and philanthropist Dorothy Elmhirst.
As of July 2014, more than 120 businesses in Totnes were accepting the Totnes Pound, and more than £12,000 worth of the currency had been issued.
|
|
