By Charlotte Cardingham
Published on 18 Aug 2008
Sussex town launches its own local currency as it attempts to strengthen its economy and buffer the effects of the credit crunch.
Residents of East Sussex town, Lewes, are taking the credit crunch head on and ploughing ahead with plans to launch their own local currency.
The Lewes pound, due to be launched on 9th September this year, will be counted as legal tender and will match its sterling equivalent in value. What's more, as over 10,000 notes are expected to be printed in the first run off, it makes this the largest scale launch of a local currency since 1895.