1 Mar 2007
Local MP Endorses ‘Totnes Pounds’.
Anthony Steen, MP for Totnes, has thrown his weight behind a new local currency scheme in the town. A limited number of **Totnes Pounds** are being put into local circulation to launch the **Transition Town Totnes (TTT) Economics and Livelihoods** group on Wednesday 7th March. Three hundred of the individually numbered ‘pounds’ will be given out at the event which features Molly Scott Cato, a lecturer and author speaking on **Local Money, Local Skills, Local Power…the role of money in building resilience.** Her talk will be followed by a panel discussion which will explore some of the issues raised.
The Totnes pounds will be given out to people who attend the evening and will be accepted by some local businesses and at TTT events in lieu of sterling. Rob Hopkins, the originator of TTT, said “This is just a small experiment designed to get people thinking and talking about money. Totnes used to issue its own money and one side of the Totnes Pound is a facsimile of an old Totnes banknote. One day in the not to distant future Totnes might have its own local currency again.