Local Currency

What is Local Currency

A local currency is a type of currency that can be used to make purchases at participating organizations within a specific geographical area. This type of currency is used in economics. The difference between a community currency and a regional currency is that the former may be local, while the latter may be used for transaction within an online community. Regional currencies include a greater geographical area than community currencies do. To stimulate spending inside a local community, particularly with locally owned enterprises, a local currency serves as a complimentary currency to a national currency rather than replacing it. Its primary objective is to encourage spending within the community. It is possible that such currencies are not accepted as legal cash and are not supported by a national government. The worldwide database maintained by the Complementary Currency Resource Center has listings for over 300 complementary currencies, which also includes local currencies.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Local currency

Chapter 2: Barter

Chapter 3: Currency

Chapter 4: Local exchange trading system

Chapter 5: Virtual economy

Chapter 6: Time-based currency

Chapter 7: Complementary currency

Chapter 8: Chiemgauer

Chapter 9: Private currency

Chapter 10: Demurrage (currency)

Chapter 11: WIR Bank

Chapter 12: Virtual currency

Chapter 13: Money

Chapter 14: Totnes pound

Chapter 15: The Future of Money

Chapter 16: Margrit Kennedy

Chapter 17: Emissions Reduction Currency System

Chapter 18: Fiscal localism

Chapter 19: Community Exchange System

Chapter 20: Bristol pound

Chapter 21: Sarafu-Credit

(II) Answering the public top questions about local currency.

(III) Real world examples for the usage of local currency in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Local Currency.