Stroud Pound

Filed Under: ,
Dictionary Says

Definition of 'Stroud Pound'


A local, private currency launched in the British town of Stroud, Gloucestershire, in September 2009. The Stroud pound was introduced as an initiative to support and stimulate the local economy by committing consumers to buy local produce, goods and services, thereby encouraging the development of businesses and jobs, locally. The Stroud Pound is modeled on the chiemgauer, a local currency used in southern Germany.

The currency is administered by the Stroud Pound Co-op Ltd., a non-profit enterprise run by volunteers. Every Stroud pound is recorded and backed by a sterling pound held in a dedicated bank account.
Investopedia Says

Investopedia explains 'Stroud Pound'


The Stroud pound is not intended to replace the United Kingdom's official currency - the pound sterling - as it is designed to be a complementary currency, rather than an alternative currency. It is issued in four denominations - £1, £2, £5 and £10; the currency notes are printed on special paper with a number of security features to dissuade forgers.

In order to encourage circulation, the Stroud pound system incorporates a number of features such as having a limited life of two years, losing value after six months and having a 5% redemption fee for traders.
comments powered by Disqus
Hot Definitions
  1. Private Equity

    Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
  2. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  3. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  4. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  5. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  6. Momentum Investing

    An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
Trading Center