Currency diversity Archive - Page 5 of 6

This text is based on an interview with the Executive Director of IRTA Ron Whitney and was originally published in “People Money- the Promise of Regional Currencies” by Margrit Kennedy, Bernard Lietaer and John Rogers in 2012 IRTA is a non-profit organisation that promotes high standards of practice amongst business exchange systems through education, self […]

For most of us, ‘currency’ automatically means ‘legal tender’ currency, for example the Dollar or Pound, which we use every day. Running in parallel with this ‘normal’ money there are also many forms of so-called complementary currencies, which complement the national currency without trying to replace it: Regional currencies, Customer Loyalty Programs, Business to Business […]

Regional currency promotes regional economic circuits and local voluntary organizations. The following regional currency networks in Germany have been active for several years, keeping buying power in the regions and enabling interest-free financing: Rosenheim and Traunstein region, Bavaria: Chiemgauer Berchtesgadener Land: Sterntaler Town and region of Freising: Bärling Regional currency is mostly seen in the […]

The Dutch foundation STRO (Social Trade Organisation or Strohalm) was founded in 1970 by Henk van Arkel. Its original focus on environmental issues has shifted in the last twenty years ever more in the direction of activities in the area of alternative economics and particularly complementary currencies – always following the conviction that economic and […]

The New Economics Foundation (NEF) is a British ‘think tank’, which promotes economic and ecological justice. NEF has been the UK’s leading research organisation for money, credit and complementary currencies since 1986. www.neweconomics.org

The NuSpaarpas loyalty system for sustainable behaviour was a project that took place in the Netherlands between 2000 and 2002, in which people could collect ‘bonus points’ for activities benefiting the environment: sorting waste, shopping with 100 local shops or by buying environmentally-friendly or Fair Trade products. The project was a partnership between the Rotterdam […]

Euro, Dollar, Pound and Yen are under fire from some critics: these currencies have lost their connection with the real economy and take no account of the scarcity of real resources or the distinctive features of particular regions. The necessity of growth and the maximization of profit are pre-programmed by the system of credit creation. […]

LETS Local Exchange Trading Systems (LETS) may be regarded as a professionalization and further development of neighborly help. On the one hand, they allow participants to meet each other’s needs without using money. On the other hand, alongside the material benefits, idealistic and social elements also play a large role. The aim of exchange rings, […]

Exchange rings give participants the opportunity to offer and exchange their goods and services with each other without using national currencies as a medium of exchange. Exchanges within the network are accounted for with units of time, points, ‘talents’ or even using whatever internal unit the members have agreed upon, which could also be national […]

Parallel currencies are currencies that are issued by the state as an official second currency alongside legal tender currency and can also be designated as legal tender. A parallel currency can be a stable, hard currency (e.g., a foreign currency) that is used alongside a weak national currency, to combat hyperinflation in the national currency […]

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All contents on the topic: Currency diversity

International Reciprocal Trade Association (IRTA)

Can currency diversity and complementary money systems make the financial economy more just and sustainable?

Regios (regional currency promotion in Germany)

Social Trade Organisation

Other complementary currencies

Energy Currencies

LETS and Time Banks

B2B barter systems and WIR Bank

Parallel currencies

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