21–30 of 61 posts
I live in Bristol and had never heard of the Bristol Pound until this article. It's hardly giving sterling a run for its money.
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You can - at least in theory - convert it back. As I recall, when the scheme started, it offered a 10% discount on Bristol pounds but then would convert back at a 1:1 rate.
wait, so with 900 Sterling you can buy 1000 Bristol pounds, and then you can sell them to get 1000 Sterling pounds?
In Northern Ireland there are local notes issued as well (by banks). Looks like Monopoly money tbh, but it is accepted widely.
Hayek theorised this in 'The Denationalization of Money'. When government currencies become less stable, less valuable. Private, competing currencies can become a medium of exchange free from that. We're starting to see this as many of the national currencies have been flagging over the years. Zimbabwe is a classic example of this also.
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Have you ever tried using one? Most places are really hostile to them, especially the buses.
Really? I ended up with a couple of notes once, I was a bit worried about using it but the bus driver was just fascinated by them, very happy to see and accept them. They're very pretty, which I think takes the edge off the risk you take in accepting one. I can imagine different reactions, of course! Why would bus drivers specifically be hostile to them out of interest, it seems like it'd be no skin off their nose?
Fascinating. Curious if anyone knows what the legality is of replicating this in the U.S.?
> Some 800 businesses in the Bristol area now use the community currency > So far, some £1m has been issued in the community currency, according to Mundy, of which about £700,000 is still in circulation. These numbers don't feel very decisive to me. I could totally see another article citing them to show that the Bristol Pound is a failure.
In Northern Ireland there are local notes issued as well (by banks). Looks like Monopoly money tbh, but it is accepted widely.
Pretty sure this is completely incorrect. It's sterling just with a slightly different note design including the issuing bank name. It's accepted anywhere sterling is accepted - the only issue I've ever had is that English businesses may not have seen it before and are worried it's fake. Never had any refuse to accept it though.
In Northern Ireland there are local notes issued as well (by banks). Looks like Monopoly money tbh, but it is accepted widely.
Pretty sure this is completely incorrect. It's sterling just with a slightly different note design including the issuing bank name. It's accepted anywhere sterling is accepted - the only issue I've ever had is that English businesses may not have seen it before and are worried it's fake. Never had any refuse to accept it though.
They're historical accidents tbh.