What are regional currencies?

What are regional currencies? Regional/local currencies are a relatively new phenomenon in economy. Since in 2003 the "Chiemgauer", a local currency at the lake Chiemsee (Germany) started off, the project has inspired many similar projects, and enriched the ideas about how money can function a lot.
Regional currencies are a medium of exchange designed for a certain region, which are used in addition to the currency of the country.

How do local currencies work?

Category:

Science & Technology

Tags:

• money
• alternative
• currencies
• currency
• Local Currency
• Community Currency
• Time Banks
• LETS
• CES
• Complementary Currency
• chiemgauer

[regionalgeld]

@sofiasmartis: try monneta.org - with double N

[seannosheart]

@sofias martis: The regional currencies are useful for the exchange of SERVICES and goods produced in the region. A system of global exchange of local complementary currencies that is not centralized (controlled by any central entity or group of people, like the current nation-state system is) would allow for the parallel system to do exchanges worldwide and thus stabilize the REAL ECONOMY worldwide. It is true that in the past complementary currencies have been supressed by nation-states

[sofiasmartis]

however a global decentralized currency is a much greater thread to states, and therefore has been and will be opressed much more strongly… but that's another topic.

[sofiasmartis]

i really don't see the advantage of the regional limitaton. the 'vicious circle' you show looks more like the perservation of poverty, caused by lacking global solidarity and trade barriers. limiting the money regionally doesn't seem to tackle any of these problems.

i think the main advantage of non-statist currencies is the absence of statist extortion (taxes, tolls, inflation) and control.

also: moneta.org is parked, i guess it has already ceased to exist :(