Lewes Pound

Exploring the Lewes Pound: A Local Currency Promoting Community Economics

Unveiling the Lewes Pound

Introduction:

The Lewes pound is a unique community currency exclusively used by residents of Lewes, East Sussex, in the United Kingdom. Launched in 2008, it aims to foster local economic activity and strengthen community bonds.

Environmental Impact:

One of the key motivations behind the Lewes pound is its potential to reduce carbon emissions. By encouraging residents to shop locally, proponents believe it can minimize the need for goods to be transported long distances.

Understanding the Lewes Pound

Complementary Currency:

The Lewes pound operates as a sectoral currency, confined to a specific geographic area and not backed by the U.K. government. It exists alongside the British pound (GBP), offering consumers an alternative means of exchange.

Usage and Denominations:

While Lewes pounds are not legal tender, over 100 local businesses accept them, often offering discounts to incentivize their use. Available in denominations of £1, £5, £10, and £21, they can be obtained at designated issuing points.

Social Impact:

For every Lewes pound issued, 5% of its value is donated to local causes, making it not just a tool for economic exchange but also a means of supporting community initiatives.

Lewes Pound and Bioregionalism

Embracing Bioregionalism:

The Lewes pound aligns with the principles of bioregionalism, advocating for greater self-sufficiency and reliance on local resources. By prioritizing local products and reducing dependence on distant sources, it promotes sustainability.

Community Examples:

Lewes is not alone in its adoption of local currencies. Other U.K. communities, including Bristol, Brixton, and Totnes, have also introduced their own complementary currencies to support local economies.