The Telegraph
6:03AM BST 16 Aug 2012
As Britain loses faith in its banks and feels shockwaves from the euro crisis, one city is trying to keep local wealth in local pockets with the launch of its own currency.
Businesses can pay local taxes in Bristol pounds and the council has offered its 17,000 staff the option of receiving part of their pay in the currency Photo: Getty Images
The Bristol pound - usable only with member businesses in the city in southwest England - is to launch in September, and organisers are deluged with local firms wanting to sign up.
"The perception of banking and money is that it's a very ruthless system: people are out for what they can get," co-founder Ciaran Mundy told AFP.
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