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 | This article needs to be updated. The reason given is: Parts of the article are written as if Bristol pound still in operation. (December 2022) |
 £B5 and £B10 banknotes | |
| Unit | |
|---|---|
| Plural | Bristol pounds |
| Symbol | £B |
| Denominations | |
| Symbol | |
| Banknotes | |
| Freq. used | £B1, £B5, £B10, £B20 |
| Demographics | |
| User(s) | Bristol |
| Issuance | |
| Central bank | Bristol Credit Union |
| Website | bristolpound |
The Bristol pound (£B) was a form of local, complementary, and/or community currency launched in Bristol, UK on 19 September 2012.[1] Its objective was to encourage people to spend their money with local, independent businesses in Bristol, and for those businesses to in turn localise their own supply chains.[2] At the point of the close of the digital scheme in August 2020, it was the largest alternative in the UK to official sterling currency, and was backed by sterling.
The digital currency ceased operating in August 2020, and Bristol pound accounts have reverted to sterling accounts at the Bristol Credit Union. The Bristol Pound CIC then developed Bristol Pay, which sought to both offer an e-money peer-to-peer payment platform that could generate income for charitable projects in the city and to create a range of token systems to encourage a culture change in how people thought about economic value in relation to social capital and environmental capital. However, Bristol Pay was shut down in mid-2023. [3][4]
The Bristol pound was withdrawn from circulation in September 2020.[5]
- ^ Cooper, Rachel (19 September 2012). "Bristol launches city's local currency". Telegraph.co.uk.
- ^ Bristol Pound Scheme Rules for Individual Members and Trader Members
- ^ "Bristol Pay FAQ". Archived from the original on 13 May 2020.
- ^ Morrison, Sean (25 November 2022). "'We need to keep the local currency dream alive'". The Bristol Cable. Retrieved 15 December 2022.
- ^ Wills, Sophie (9 August 2021). "End of the Bristol Pound: Why did it fail and what next?". BristolWorld. Retrieved 23 May 2024.