Investopedia explains 'Totnes Pound'
The benefits of the Totnes pound, as listed on the Transition Town Totnes website, are: To create a stronger local economy by keeping money circulating within the community; to encourage people to think and talk about how they spend money; and to encourage more local trade and encourage tourists to visit local businesses.
The Totnes pound notes (bills) are printed locally on plasticized paper. The Totnes pound has inspired other local currency projects, including the Lewes pound in Lewes, East Sussex.
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