How will the local currency work for consumers and shoppers?
- Consumers who join the scheme (one-off joining fee £5) will be able to buy local
currency vouchers (‘Stroud Pounds’) in exchange for Pounds Sterling. Click here
for a list of outlets and exchange points.
- 1 Stroud Pound will be worth 1 Pound Sterling. Notes will be in four denominations
(£1, £2, £5, £10).
- When joining the scheme, individuals can nominate a local charity or social enterprise
of their choice to support. Thereafter, for every currency unit purchased by that
individual, 3% is allocated to the chosen local charity provided it is a member of
Stroud Pound Co-op. Click here for a list of participating charities.
- Consumers will be able to spend Stroud Pounds with participating shops and businesses
that will be listed on the Stroud Pound website and in a printed directory. Click
here for a list of participating traders. If you opt to do so, you can receive email
updates about new participating traders and other news.
- Consumers will not be able to exchange Stroud Pounds back into Sterling Pounds. Stroud
Pounds are for spending, not saving.
- To encourage the money to remain in circulation Stroud Pounds will lose 3% of their
value every six months – on March 31st and September 30th. At the end of the six-month
period, the value of vouchers may be restored by purchasing and affixing stamps amounting
to 3% of their value. Vouchers can then be used for a further six months. After two
years the notes are replaced.
More questions? Click here