Power to the people for Govanhill bank launch

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An artist hoping to create a local currency for Govanhill has launched a crowdfunding campaign to make it happen.

As reported in The Extra, Ailie Rutherford came up with The People’s Bank of Govanhill during a residency at Govanhill Baths.

The idea grew arms and legs last year, with Ailie setting up stall at Tramway to promote the Govanhill note — worth a suggested exchange rate of 100th of your weekly income, in a bid to create a fairer system for those on lower incomes.

Now, Ailie hopes to raise £2,000 and take the Govanhill currency even further — with help from a Turner Prize-nominated artist, and those who live and work in the southside.

She told The Extra: “The aim is to create a new form of currency in Govanhill, through a series of currency experiments, workshops and discussion events talking about money; looking at what’s wrong with our current economic situation and what we can do to change it.”

With 200 notes already in circulation and shops like Locavore, Milk Cafe and Bakery47 accepting them on set days, the People’s Bank of Govanhill is on its way — making it the second local currency project in Scotland, behind Findhorn, Moray.

Ailie added: “A second set of notes will be designed by Govanhill-based artist Marvyn Gaye Chetwynd, but we need support to print them.

“If we reach our target of £2,000 we will have enough money to commission one more local artist to design the third set of notes.”

The new, screen printed (and signed) notes will be launched at Govanhill Baths in April — and everyone who donates to the project will receive a note.

Anyone who donates more than £25 will receive a set of three limited edition notes, each signed by the artist.

The big question is, will you spend them locally, or save them as souvenirs of the first People’s Bank in Glasgow?

Head to http://igg.me/at/peoplesbankofgovanhill/x/13284227 for more info.