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.