Stroud pound

The Stroud pound is a local currency in use in Stroud, Gloucestershire. Unveiled on 12 September 2009, the scheme is the third local currency scheme introduced in England in recent years after the Totnes pound and the Lewes pound.[1]

Stroud pound
Demographics
User(s)Stroud

History

Launched on 12 September 2009,[2][3] the scheme is an initiative of the local Transition Towns group. Unlike the Totnes pound and the Lewes pound, the scheme is based on the Chiemgauer, a community currency circulating in the Chiemgau region of Bavaria, Germany since 2003. As of April 2010, 30 businesses in Gloucestershire are enrolled in the programme.[4]

On the day of the launch, local currency with a face value of over 1,000 Stroud pounds was sold.[5]

However, in 2011 only £4,000 worth of Stroud pounds were issued. Some local businesses complained about the hassle and said customers still supported them but preferred to use sterling.[6]

In 2015 a discussion on a possible re-launch was held.[7]

One of the founders, Molly Scott Cato said in 2016 that the currency was "never viable".[8]

As of November 2019 the website had not been updated since 2012,[9] but Stroud Pound Co-op Ltd still exists.[10]

Currency design

Stroud Pounds were available in four denominations: £1, £2, £5 and £10. All feature Philippa Threlfall's 1972 mural "Buildings of Stroud" and a Fuller's teasel (Dipsacus sativus) on the front, and various images of local significance (including local celebrities, landscapes, flora and fauna) on the back. The highest denomination features Laurie Lee.[11] Designs are printed in bright colours on watermarked security paper.

References
  1. Town launches its own bank notes BBC News 13 September 2009
  2. "Stroud pound ready to launch", Times Online, 11 September 2009
  3. Will the Brixton pound buy a brighter future? The Guardian 16 September 2009
  4. UK town creates own money, Big Pond News, 3 April 2010
  5. "Shoppers convert more than £1K into Stroud Pounds", Stroud News & Journal, 14 September 2009
  6. Dave Harvey, "Bristol Pound launched to keep trade in the city", BBC News, 19 September 2012.
  7. "Meeting to discuss possible relaunch of Stroud Pound".
  8. "New money: Do local currencies actually work?".
  9. "Home". www.stroudpound.org.uk. Archived from the original on 5 April 2015. Retrieved 12 January 2022.
  10. "STROUD POUND CO-OP Ltd overview - Find and update company information - GOV.UK".
  11. "Laurie Lee to feature on Stroud bank notes", Telegraph.co.uk, 11 September 2009
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