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Cornwall Currency Mooted

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Published by the Pirate FM News Team at 7:02am 12th November 2011.

There are calls for the Duchy to get its own currency.

Volunteer Cornwall says it could be a way of turning round the economy.

The charity reckons using our own system will help stop money from crossing the Tamar, boosting businesses and jobs.

Ian Jones came up with the plan. He said, "Einstein said you can't solve problems with solutions that created them in the first place. We could still trade across borders and boundaries it doesn't stop you doing that but it enables you to trade within your own community and keep your wealth local.

"I'm not saying you don't link it to another currency for other transactions but we need to retain as much wealth as we can in Cornwall and not be vulnerable to a financial crisis caused by speculation across the globe."

But Chris Ridgers from Cornwall Council said there is a simpler way of doing it, "My view is that as far as possible we all ought to spend as much money as possible inside Cornwall because that circulates within the local economy creating jobs, maintaing jobs and employment opportunities."

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