UK’s last local currency axed due to rise of digital and card payments
Why this unique UK currency ceased after 17 years
- The Lewes Pound, the UK's final surviving local currency, is officially being discontinued after 17 years in circulation.
- Its discontinuation, with the last day of validity being Sunday 31 August, is primarily due to a significant decline in demand caused by the rise of card and digital payments.
- Launched in 2008, the currency aimed to bolster local businesses in Lewes, East Sussex, and at its peak was accepted by over 100 shops.
- Susan Murray, a director of the Lewes Pound, expressed sadness over its demise, citing logistical challenges, the impact of Covid-19 on cash usage, and a lack of new leadership as contributing factors.
- Remaining funds, approximately £10,000, will be donated to local organisations that align with the currency's original philosophy.