Brixton will be taking a step in the direction of market towns Stroud, Totnes and Lewes with the launch of the Brixton Pound on Thursday 17th September. As the economy is still in the throes of recession, the concept of transition towns is being looked at as a model that could help ease the economic tensions by encouraging communities to become more self-supporting, as well as helping combat the problems of peak oil and climate change added to by transportation of goods from around the world.
It is hoped the launch of the new currency, which will not replace pounds sterling in Brixton but will be available as an alternative for customers, who will be offered their change in Brixton pound notes, will help keep money within the local economy. The currency will be available in £1, £5, £10 and £20 notes and a large number of businesses in the area have bought into the idea, agreeing to accept payment for goods or services in the local currency, either solely in Brixton pounds or in conjunction with sterling.
Former President and Chief Executive Officer of Saudi Arabian Oil Company, Saudi Aramco, Mr Abdallah S. Jum’ah was the speaker at a 