What is the Stroud Pound?

The Stroud pound is a local, private non legal tender currency introduced in 2008 for the town of Stroud in the UK. The Stroud pound can be used to purchase goods and services from business in Stroud. The aim of the local currency is to stimulate spending in the town and boost the local economy. The Stroud pound is the same value as pound sterling but in order to encourage circulation the Stroud pound loses value after 6 months and has a 2 year expiration.