Totnes Pound History

The Totnes Pound was first launched in 2007 as a project of Transition Town Totnes. The new issue of notes in April 2014 is the fourth phase of the project:

 

Phase 1,  May 2007

300 Totnes Pounds given into circulation at a "Transition and Economics" event in the town
18 shops accepted it

 

Phase 2,  August 2007

6,000 Pounds sold into circulation (T£10 for £9.50)
50 shops/businesses accepted it

Phase 3,  January 2008

Phase 2 pounds nominally expired (we honoured them for at least 18 months after this)
replaced by new design of t£1 note
6,500 in circulation (T£10 for £10)
75 shops/businesses accept it


Phase 4, April 2014

Phase 3 pounds nominally expired (we will honour them for at least 18 months after this)
replaced by new designs of t£1, t£5, t£10 and t£21 notes.

Phase 4e, October 2014

Electronic Totnes Pounds launched, details here