Why was the Totnes pound discontinued?
It was in circulation from March 2007 to June 2019, when it was discontinued due partly to an increasingly cashless economy.
How does the Totnes pound work?
The Totnes pound was pioneered by a group of local environmentalists led by Rob Hopkins and Naresh Giangrande. They set up a system in which £1 coins are exchanged for 1TP at one of four “change” points around Totnes. There are now 6,000 Totnes pounds in circulation and plans to introduce further denominations.
Why was the Totnes pound introduced?
Totnes pounds were introduced in March 2007 as part of a month-long experiment to encourage local spending in the Devon town. Organisers Transition Town Totnes said “an increasingly cashless economy” had contributed to the currency’s decline. Shoppers will be able to spend or redeem the pounds up until 30 June.
What is special about Totnes?
The town is famed for its promotion of ethical and fair trade goods and as a renowned market town since the 12th century, Totnes still has lively markets on the Market Square.
Is the Brixton Pound still used?
Today, the currency is accepted in over 200 businesses in the Brixton area and has roughly 500,000 Brixton Pounds actively in circulation.
What is the skillshare project Totnes?
The goals of the project (as from The Transition Handbook) are: To bring people together, relaxing and learning new skills. To build networks and move our community towards self-reliance and resilience. To work with existing groups in order to share and draw on local skills.
Do they still dress up in Totnes?
Totnes has regular outdoor markets on Fridays and Saturdays. During the main season, between May and September, there is an Elizabethan market each Tuesday morning, where local people and traders go about their daily business dressed in Elizabethan costume. Alongside is an all-day craft market.
Does Totnes have a beach?
This is a sandy beach with easy access for the disabled. There is plenty of parking here but dogs are banned on the beach. Warning flags are in operation and life saving equipment is available.
Does Brixton have its own currency?
Did you know that Brixton in South London has its own currency? The Brixton pound (B£) was initially launched in 2009 and there are now over 500,000 units in circulation. There’s even a dedicated B£ cash machine. The currency is accepted in more than 250 business across the town.
Which city has its own currency?
Ithaca, New York This was the first town in the U.S. to create its own local currency, called Ithaca Hours, back in 1991. Valued at $10, each Hour represented the average hourly wage in the area. Today there are $100,000 worth of Hours in circulation and they are accepted at more than 900 locations.
Is Totnes rough?
Crime and Safety in Totnes Totnes is the third most dangerous small town in Devon, and is among the top 20 most dangerous overall out of Devon’s 430 towns, villages, and cities. The overall crime rate in Totnes in 2020 was 62 crimes per 1,000 people.
Are Totnes expensive?
Like many towns across South Hams, Totnes is becoming an increasingly difficult place to rent or buy a property for people that grew up in the area, locals say. According to Zoopla, the average asking price for a property in Totnes is £433,745. In nearby Buckfastleigh, the average price is £298,430.
What is the Totnes Pound experiment?
The Totnes Pound experiment, started by TTT in 2007, was inspired by a Totnes Union Banknote from 1810. The project aimed to use the currency to keep more money within the local economy.
Where can I Spend my Totnes Pounds?
The Bank of England has taken an interest, recently purchasing a set of numbered Totnes Pound notes for posterity. People holding current Totnes Pounds have until the 30th of June to spend them, or redeem them at the following businesses: Greenlife, Fusion Clothes and Gazebo.
How many Totnes Pounds have been circulated among local businesses?
Over the years, the iconic local currency project has seen over 30,000 Totnes Pounds circulated among local businesses. “Over time we have seen a decline in the use of the Totnes Pound, partly due to an increasingly cashless economy” explains John Elford of the Totnes Pound steering group.