Bristol Pound Latest

It's three months since the Bristol Pound was launched and there are now 100,000 in circulation. 500 traders now use the local currency. While some say the notes are helping to keep money within the city, others say local currencies restrict trade. Tanya Mercer has the story.

Tanya Mercer's full interview with the newly elected mayor George Ferguson about the success so far of the Bristol Pound.

It's three months since the Bristol Pound was launched and there are now 100,000 in circulation. 500 traders in Bristol now use the local currency. It was invented to keep money in the city.

Bristol has become the first city in the UK to launch its own local currency.

The idea behind the Bristol pound is to keep money circulating within the local economy.

Tanya Mercer reports:

Shoppers in Bristol will be able to buy goods using a new currency from today.

The idea of the Bristol Pound is to keep money in the local economy, by spending it with independent traders.

230 businesses have already signed up to the currency. Its creators hope to print a million pounds in the first year.