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Wednesday, September 10, 2008

UK town launches its own currency FROM CNN

LEWES, England (CNN) -- Tired of soaring prices and uncertain financial markets, a small town in southern England is fighting back -- with its own local currency.

Tuesday evening, the wealthy English town of Lewes plans to launch the Lewes Pound as a complementary currency to the British pound. About 50 local traders have agreed to accept it, and organizers are selling the notes at a discount to entice people to buy them.

"If you spend a pound in a supermarket," campaigner Adrienne Campbell told CNN, "it almost immediately goes out of the community, leaks away, and then isn't remaining in the community serving the local people."

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