Currency: The made-up money exchange
http://www.independent.co.uk/money/spend-save/currency-the-madeup-money-exchange-8160840.html[entire article text]
This week saw the launch of Britain's latest community currency. But how does its value compare to other imaginative monetary adventures?
Bristol Pound = £1 sterling.
Bristol's new currency is available for use in selected independent stores in Bristol and aims to boost the city's economy. Stroud, Totnes and others have similar schemes.
Bitcoin = £7.70
Bitcoin is an electronic money system designed so that web users can transact without having to use traditional banking methods. Despite being made of binary, £158,000-worth of it was stolen last week from the Bitfloor currency exchange. Don't ask.
One Whuffie = several high fives
Term from a sci-fi book by Cory Doctorow in which currency is replaced by social credit. Since adopted in real life by people who really ought to know better.
One Euro = 80p
Fanciful invented on the idea that European nations could share a monetary union without a complete fiscal union. Whatever next, eh?
