Transition: Lewes Pound launched by Mayor of Lewes

The new Lewes Pound

The new Lewes Pound has just been officially launched by the Mayor of Lewes in front of an audience of over 450 people. Speakers included Rob Hopkins from Transition Totnes and Polly Toynbee from the Guardian. I’m a little ambivalent about the long-term impact of local currencies, but their introductory paragraph gives a good feel for the reasons they are important to the transition movement:

The Lewes Pound is a creative yet practical way for local people to make money work for Lewes. Money spent locally circulates within, and benefits the local economy. Money spent in national chains doesn’t. The Lewes Pound encourages demand for local goods and services. In turn this builds resilience to the rising costs of energy, transport and food.

This is really big step for Transition Lewes – they have over seventy traders accepting it already, and some starting to put up special offers for those paying in Lewes Pounds (effectively starting to create an exchange rate).  It’ll be interesting to see how it goes from here!


One response to this post.

  1. Posted by Sandy on April 6, 2009 at 11:54 am

    Great idea not to be dismissed as hair brained. On a wider basis many EU countries gripped by high rate Euro and falling economy could well return to their older currency. Would that then be termed protectionism by the European Parliment? It would certainly be a fail safe system, pay all our dishonest ministers expenses with the Lewes pound so they can only spend it in that town. That would stop their offshore game for sure.


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