FORWARD BASE B

"Pay my troops no mind; they're just on a fact-finding mission."

Local Currencies

Communities print their own currency to keep cash flowing

http://www.resilientcommunities.com/is-a-local-currency-important-to-resilience/

Nantes is also doing something that is likely to ensure that its local currency is successful.  It is configuring its parking system, transport, leisure and other facilities to accept the nanto AND it is planning on paying city employees some of their salaries with the nanto.

This is critical.   Historical evidence implies that local currencies that don’t integrate into the local government’s financial flows are usually limited to loyalty programs.  Those that do are real, tangible currencies that people will use daily.

Ithaca Hours

Online Database of Complementary Currencies Worldwide

http://www.treehugger.com/culture/how-to-print-your-own-money-build-community-not-get-arrested-by-the-feds.html

Begun in 2000, REAL dollars (which stands for Realizing Economic Alternatives in Lawrence) were issued in denominations of 1, 3, and 10 dollars with pictures of local Lawrence celebrities on them (William S. Burroughs, Langston Hughes to name two). Now no longer regularly circulating, the REAL dollar of Lawrence, Kansas shows some of the problems with establishing a local currency.

In an interview with Lawrence.com, REAL dollar creator Boog Highberger pointed out two practical obstacles all such currency have to face: 1) Modern businesses don’t have as much use for cash as they once did—how many places don’t accept credit or debit cards? Not many; and 2) Modern businesses rarely go to local suppliers anymore.

As Highberger said at the time, “If we revitalize [REAL dollars] what we need to do is institute some kind of banking system (that would allow users to debit or credit their accounts).”

Launched in the fall of 2006, BerkShares circulate in the Berkshire region of Western Massachusetts. By some estimates BerkShares is largest circulating local currency in the world, with two million Berkshares issued to date. Bills are issued in denominations of 1, 5, 10, 20 and 50. Currently some 350 businesses accept the currency and 5 different banks offer exchange services at 12 locations. BerkShare checking accounts, ATMs and loans are planned.

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