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Lampeter, a small town in West Wales, wants its own currency. And why not? The Black Ox Pound has already been tested, albeit in the 19th Century. Last year, Lewes, a small mediaeval town on England's South Coast launched the Lewes Pound, which had last seen the light of day in 1895. Totnes, in Devon, printed its own currency, the Totnes Pound, in 2007. "The need for local currencies has only come up because of the utter mismanagement of national currencies," says Sabine McNeill, founder of The Forum for Stable Currencies. "They give people the opportunity to learn about everything to do with money and currency."

But what is there to learn? Contemporary Sterling is what is known as a "fiat currency" - no longer exchangeable for gold, but backed instead by securities. These securities are dependent on income the treasury will tax from the population in the future. This has led some economists to dub it "currency by trust" as it relies more on faith than anything tangible. Given the snowballing number of monetary unbelievers among the general public, a less hypothetical form of trade would seem welcome.

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  Tweet. presidents on Money . Presidents on dollar bills: below is a breakdown of all the presidents, and some who were not, on money in US. Which president is on the ...