In September 2008, Lewes launched its own currency, the Lewes Pound, in an effort to increase trade within the town. One Lewes Pound is equal to £1. Like the similar local currency in Totnes, the initiative is part of the Transition Towns movement. The Lewes Pound and the Transition Towns movement have received criticism for a failure to address the needs of the wider Lewes population, especially lower socio-economic groups. Such local currency initiatives have been more widely criticised in light of limited success stimulating new spending in local economies and as an unrealistic strategy to reduce carbon emissions. The Lewes Pound can be exchanged for the same amount of pounds sterling in several shops in Lewes and can be spent in a wide range of local businesses. Many of the notes were sold on eBay at a higher amount. Early numbers and sequenced notes fetched very high prices from foreign collectors.