Bristol pound
06 February 2012, 12:44 PM
#1
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Bristol pound
A group of independent traders in Bristol are launching their own currency, with the backing of the council and a credit union.
The "Bristol Pound" will be printed in notes, and also traded electronically.
The "Bristol Pound" will be printed in notes, and also traded electronically.
Unless I have it all wrong and someone can explain why having a Bristol Pound is better than UK sterling?
Bristol pound = £1, so its like cash only not as good as you cant spend it outside of bristol and only 100 firms have signed up to accept it
06 February 2012, 01:11 PM
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wtf?, live in Bristol and not heard of this. just jealousy as we will have our pound and you wont 
.
in all seriousness though really think that is a ****e idea.
. in all seriousness though really think that is a ****e idea.
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06 February 2012, 01:34 PM
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From the BBC
But having pounds sterling doesn't prevent the same effect from happening 
, GBP is not forced to remain in the UK.
Originally Posted by BBC
"Big companies just hoover up money from a local area," he told me.
"Money goes into their financial system and typically out into London and into the offshore sector."
"Money goes into their financial system and typically out into London and into the offshore sector."
, GBP is not forced to remain in the UK.
06 February 2012, 01:36 PM
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It's to keep local money in the local economy as you can only spend it in Bristol of course 
sounds like a good idea to me ie support local companies etc. They also do it in Brixton, called the Brixton Pound 
TX.
sounds like a good idea to me ie support local companies etc. They also do it in Brixton, called the Brixton Pound TX.
06 February 2012, 01:38 PM
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It's an interesting idea but I fear is dumb, but it is good to innovate and try eccentric ideas.
06 February 2012, 03:46 PM
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how much money will they waste on this folly of an idea? I cant help feeling its like the boy who was sent to market to buy something with money but came back with 'magic beans'
Try coming home to your wife and explaining you swapped your real money for 'Bristol Pounds'
I did notice they want people to design their own currency, well it has to be a huge pair of bristols and nothing else
Try coming home to your wife and explaining you swapped your real money for 'Bristol Pounds'
I did notice they want people to design their own currency, well it has to be a huge pair of bristols and nothing else
06 February 2012, 04:18 PM
#14
They've had a similar thing in Lewes for a few years http://thelewespound.org/. Harmless while it stays voluntary and is fully convertible and sterilized.
If you want to see the dangers of local currencies when they get out of control, read up on Argentina's economic problems at the end of the 1990s.
If you want to see the dangers of local currencies when they get out of control, read up on Argentina's economic problems at the end of the 1990s.
07 February 2012, 09:56 AM
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