Local and citizen currencies
A passing trend or a real catalyst for a type of economic development that respects people and the environment? Physical or virtual local currencies: the benefits and issues.
A local currency is a currency that is not backed by a national government and that is not legal tender. It is destined only to be exchanged within a limited geographical area (neighbourhood, town, community, region etc.) and with a network of providers. Therefore, it does not aim to replace the official currency but rather to complement it.
Local currencies are available in many forms, both virtual and physical. Local currencies raise a specific economic argument. There are several thousands in the world, including in Belgium.
We will show you case studies and examples.
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