Earlier quoted context omitted.
You can't force it on businesses that way. It's a voluntary currency. If you make it hostile to businesses, they simply won't accept it. If you tried this, and somehow got businesses onboard, you might get some extra local economic activity. But mostly you'd just get unofficial currency exchanges popping up that buy Bristol Pounds for, e.g. 90 pence, and resell them to locals for 95 pence.
Right, I'm aware that it can't be forced on them. But from the article: "One large supermarket chain and other high street retailers, as well as a budget airline, have asked to be included in the Bristol pound scheme but were turned down, he added." If they voluntarily want to join, and they voluntarily run up large Bristol Pound balances, then they're going to have to voluntarily figure out what to do with that mone…
Re: The Bristol pound is giving sterling a run for its money
#61I think those companies would lose interest pretty rapidly if told they couldn't redeem the Bristol Pounds for Sterling. But sure, you could offer those companies the option you proposed. I misunderstood and thought you were pitching that as the approach for all companies.