Media playback is unsupported on your device

Oxford pound plan to help local businesses

12 June 2013 Last updated at 23:54 BST

Oxford could follow in the footsteps of Bristol, Lewes and Totnes by introducing its own currency.

A group in the city hopes to launch the Oxford Pound in 2014 in a bid to boost the city's economy.

A similar scheme run by the Bristol Credit Union has been hailed a success, with more than 1,000 members and £100,000 of deposits.

The scheme aims to support local businesses and keep money circulating within the local economy.