WHEN the name Ducat is mentioned, most think of the famous Mr D, but soon the first thing to come to mind will be Shepparton’s own currency, thanks to Lost Shepparton founder, Geoff Allemand’s idea to help boost spending locally.
The Ducat, as it will be called, will come in $1, $2, $5 and $10 notes adorned with iconic historic images of Shepparton’s past and will only be able to be spent at participating local businesses.
Geoff spoke with The Adviser about where the idea came from and his plan to launch the Ducat currency at the Summer City Market on February 26 and 27.
Geoff said, “We currently have 15 local businesses participating but were hoping to have around 50 by the time we launch at the market.
“The concept is all about finding a way to support local business with a community currency that recognises only local businesses.
“Cities around the world have been doing this for 12 to 15 years including Salt Spring Island off the coast of Canada and Berkshire in Massachusettes and Bristol.
“Cr Fern Summer actually announced on social media that she would have $50 of her council allowance paid to her in Ducats.
“We have recently had SPC Ardmona Factory Sales come on board. SPC Ardmona Factory Sales is another iconic name and to have them and the Prentices linked to this is a great endorsement to the programme.”
SPC Ardmona Factory Sales proprietor, Samuel Prentice said, “This certainly is an intriguing concept.
“We think that the Ducat will be a great introduction as far as keeping money local.”
For more information or to see a full list of businesses participating, visit www.myshepparton.com.au/ducats-currency