Bristol to have its own currency The scheme follows on the heels of the Brixton pound, a local currency used by residents to buy products in shops around the area. Lewes, in East Sussex, also has its own pound notes. Local artists, including children, are being encouraged to submit designs for £1, £5, £10 and £2 notes. The winning images are expected to "capture something of the city's character," the organisers said. "As more and more shoppers and businesses spend the Bristol Pound, it will keep more of people's hard earned wages in our communities to be spent again," said Ciaran Mundy, Director. People in Bristol who love the range of independent traders will be putting their money where it matters and reduce the need for lorries constantly moving goods up and down the country. The scheme is also a powerful way to promote local businesses trading with each other. We are hopeful we'll have thousands signed up before the currency goes in to circulation. It seemed obvious that we should ask the people who'll have the Bristol Pound notes in their pockets and purses to design them. The scheme is expected to open in May this year, with all residents and traders with a BS postcode eligible. To use the Bristol pound, customers will need to open a Bristol Credit Union accounts.This will allow them to exchange sterling for the same number of Bristol Pounds via conventional bank transfer or salary payments. Shoppers will also be able to pay with their mobile phones. The Brixton pound, which was launched in 2009, now allows residents to pay by text, and many local businesses offer special deals for those who use the currency.