The Logbook: The story of the Totnes Pound, one of the first modern local currencies

Totnes Pound was one of the first modern local currencies created and distributed to support Totnes, a town in Devon, England. The Totnes Pound had a rich history in its 12-plus years of circulation, inspiring the creation of other modern-era local currencies.

Local currencies are currencies used in specific localities. These currencies are sometimes called complementary currencies, as they complement the national currency rather than to try to replace them. According to some research, there are nearly 300 local currencies in use all over the world.