What Is the Lewes Pound?
The Lewes pound is a local international cash for use by means of British voters of Lewes, East Sussex. Lewes pounds are accepted best by means of local corporations, a couple of of which may well be providing discounts on items obtained using the local international cash. Lewes pounds had been presented as part of an initiative to inspire consumers to shop for locally.
Proponents hope that by means of using Lewes pounds, consumers can help decrease carbon emissions by means of reducing down on the number of pieces which can also be transported long distances to be obtained in Lewes.
Key Takeaways
- A Lewes pound is a local complementary international cash for the group of Lewes, East Sussex, in the United Kingdom.
- The aim of the Lewes pound is to promote it local monetary activity and group business relationships.
- Proponents hope that by means of using Lewes pounds, the group can also help decrease carbon emissions by means of reducing down on the number of pieces which can also be transported long distances.
- The international cash used to be as soon as first issued in 2008. For each and every Lewes pound issued, 5% of the price is donated to charity.
Understanding the Lewes Pound
Lewes pounds are a kind of sectoral international cash, which is a medium of exchange that best has price within a limited marketplace. The Lewes pound is a local international cash that isn’t sponsored by means of the U.Adequate. government, nor is it meant to exchange the British pound (GBP), that could be sometimes referred to as the “pound sterling” or cable. Instead, the Lewes pound is designed to function alongside the British pound as a complementary international cash.
It is jail for buyers to transact in Lewes pounds. However, the local international cash is not considered to be jail easy so buyers don’t have to easily settle for it. More than 100 corporations accept Lewes pounds, and more than a few the ones buyers may well be providing discounts to encourage the international cash’s use.
Lewes pounds are paper bills which are to be had in denominations of £1, £5, £10, and £21. Consumers can obtain Lewes pounds at designated issuing problems and spend them with any local carrier supplier that accepts them. One Lewes pound is worth one pound sterling.
For each and every Lewes pound issued, 5% of the price is donated to Lewes causes. As of 2017, organizers of the endeavor had raised £6,500 for charity.
The Lewes pound used to be as soon as presented in 2008. Other communities in the United Kingdom that have issued local and bioregional currencies include Bristol, Brixton, Exeter, Kingston, Liverpool and Totnes.
Lewes Pound and Bioregionalism
The Lewes pound is an example of a complementary international cash that exemplifies the concept and adoption of bioregionalism. Bioregionalism encourages citizens to change into additional intimately conscious about and relying on local foods, materials, and assets so that you could change into additional self-sufficient.
As an example, putting in a local farm or garden at space is encouraged, somewhat than buying vegetables at a big grocery store, because of store-bought produce is determined by petroleum, natural gas, and chemicals used in pesticides, fertilizers, large-scale foods production, and shipping. Lewes pounds help stimulate bioregionalism because of local international cash emphasizes local products over those that had been grown or created hundreds of miles away.
