A town which started printing its own money more than a decade ago has ended the project blaming the “cashless economy” for its decline. Organisers Transition Town Totnes said “an increasingly cashless economy” had contributed to the currency’s decline. …
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.
What is the Brutus Stone in Totnes?
granite boulder
Ancient and medieval history Set into the pavement of Fore Street is the ‘Brutus Stone’, a small granite boulder onto which, according to local legend, Brutus first stepped from his ship. As he did so, he was supposed to have declaimed: Here I stand and here I rest. And this town shall be called Totnes.
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.
Does the Totnes pound still exist?
Sadly, after 12 years of operation, the Totnes pound will come to an end on June 30, 2019. This highly symbolic initiative inspired other local currencies including the Bristol pound and the Brixton pound, which encourage people to spend locally and keep money in the community. The Totnes pound.
Why is Totnes called Totnes?
The name Totnes derives from the Saxon for a fort or lookout on a ridge. The town is known to have been a fortified Saxon settlement, built to protect the upper reaches of the river from Viking raiding parties. Totnes has a long history; it was one of the five Devonshire towns originally mentioned in the Doomsday Book.
Where is the Brutus Stone?
Totnes
The Brutus Stone in Totnes, England has a spurious connection to the ancient explorer who is said to have founded Britain. Not to be confused with the London Stone, another ancient rock supposedly associated with Brutus, the Totnes stone is a small granite boulder that is currently embedded in a pedestrian walkway.
Does Totnes flood?
In recent years the town has been close to flooding on a number of occasions and had a Standard of Protection of only between 10% and 2% Annual Exceedance Probability – or in other words some locations in Totnes had a 10% chance of flooding in any one year.
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.
How does the Bristol Pound work?
One Bristol Pound is equivalent to one Sterling Pound. Some businesses apply discounts for customers paying in Bristol Pounds. Local taxes and electricity bills can be paid with Bristol Pounds online.
