Transition Town Brixton (UK) launches its own currency

Rock legend David Bowie and comedian Chris Morris are among the faces that could grace the notes of a local currency being launched in Lambeth to boost trade. The former Lambeth residents are on a shortlist of famous names that could grace the "Brixton Pound” currency, being launched on September 17.

Businesses and residents throughout the borough are invited to sign up to accept and spend the £1, £5, £10 and £20 notes that will go into circulation to be used as a replacement for sterling. The currency is the brainchild of climate change campaign group Transition Town Brixton which want to encourage residents to spend their cash at small independent traders. It is hoped the currency, which has full backing of Lambeth Council, will help reduce the carbon footprint of the borough by reducing the distances people travel for services and goods.

Read full article in the Gaurdian