The Cherry Blossom,Plenty and Chiemgauer are just some of the names given to regional currencies that have seen a boom during the global financial crisis.The Chiemgauer,introduced in Bavaria's Chiemgau region five years ago,is the most successful in all of Europe.Many economists scoffed at or dismissed the Chiemgau's regional currency as a tourist gag. But now more than 600 companies use the currency to pay their bills. Regional curriencies help local businesses - not the international financial markets. Reporter Vanessa Fischer traveled to the town of Traunstein to find out what makes the Chiemgauer so attractive.
Wow exchanging worthless bills for other worthless bills, brilliant....NOT
fxnooodle 7 months ago
... I don't understand - I thought that the Chimegauer was generated by people purchasing them with Euro at participating banks. The video implied that this came later.
nittyjee 11 months ago
Having a currency monopoly like the Euro is against true free markets. Total liquidity is not everything... people should have the freedom to choose from a range of currencies as with anything in a free market.
nittyjee 11 months ago
es lebe Deutschland, weg mit dem Euro-Unfug
Kasbeke 2 years ago