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Currently, 6,000 Totnes pounds are in circulation from an estimated local economy of £60m.
It is, stresses Mr Brangwyn, a radical experiment, still in its very early stages, but he can see a day when England has 2,000 local currencies.
Other towns joining the experiment, started by environmental group Transition Network, are Lewes in East Sussex and Stroud in Gloucestershire which introduced the Stroud Pound this week.
Maybe this is what the future of currencies will be like ... who knows
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