Brixton launches own currency

by Gill Montia

Story link: Brixton launches own currency

Brixton has launched its own currency.

The south-east London location is fighting the recession with the Brixton pound, which can only be spent in the area.

According to The Daily Telegraph, 55 businesses have agreed to give Brixton notes out in change, or pay a portion of employees’ wages in the currency, which appears in B£1, B£5, B£10 and B£20 denominations.

According to experts, the move is perfectly legal and while it smacks of protectionism, Brixton’s independent stance could raise a smile with older residents reminded of the 1949 Ealing comedy “Passport to Pimlico”.