Local currency?

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In economics, a local currency is a currency not backed by a national government, and intended to trade only in a small area. These currencies are also referred to as community currency. Complementary currency is a hyponym to local currency but the terms are often used as synonyms.

Advocates such as Jane Jacobs argue that this enables an economically cool yet depressed region to pull itself up, by giving the people living there a medium of exchange that they can use to exchange services and locally-produced goods (In a broader sense, this is the original purpose of all money.) Opponents of this concept argue that local currency creates a barrier which can interfere with economies of scale and comparative advantage, and that in some cases they can serve as a means of tax evasion.

Local currencies can also come into being when there is economic turmoil involving the national currency. An example of this is the Argentine economic crisis of 2002 in which IOUs issued by local governments quickly took on some of the characteristics of local currencies.

Have to see

Contents 1 Modern Local Currencies 2 Historical Local Currencies 3 See also 4 External links

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Modern Local Currencies

• Africa
• America
  • Argentina
    • Argentino
    • Crédito
    • LECOP
    • Patacón
  • Brazil
    • Curitiba Bonus
    • Sabre
  • Canada
  • USA
• Asia
  • Japan
    • Hureai kippu
    • Eco-Money
    • WAT System
  • Hong Kong
    • COME
• Europe
  • France
    • SEL - Système d’Echange Local
    • Troc de Services
  • Germany
    • Berliner
    • Chiemgauer
    • Joytopia
    • Tauschring
  • Italy
    • Banca del Tempo
    • EcoAspromonte
    • REL Rete di Economia Locale
    • Simec
    • Sistema di Reciprocità Indiretta
  • Switzerland
    • WIR
  • UK
    • LETS - Local Exchange Trading Systems
    • Time bank
• Oceania
• Unclassified
  • Flash Cash
  • Green dollar
  • Interdependant Occupational Unit
  • Interser
  • Ndajem-Wecco
  • RGT - Red Global del Trueque
  • ROCS - Robust Complementary Community Currency System
  • RERS - Réseaux d’Echange Réciproque de Savoirs
  • Rumihuaico
  • Salta Cros
  • Systèmes d’Echanges Communitares
  • Thay Gerh
  • Tianguis Tlaloc
  • Toctiuco
  • Tontines
  • Yogyakarta System

Historical Local Currencies

• Emperor Norton's own currency
• Prosperity Certificate
• WARA

See also

• Ripple monetary system
• Complementary currency
• List of economics topics
• money
• Freigeld
• Time-based currency
• FAZ

External links

• LETS
• Community currency Resources
• Community Currencies
• Complementary Community Currency Systems
• Alternative Money Systems
• Network of german local currencies
• Parallel Currency Systems in Asia

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