This is the english version, click here to read the french version
Since the beginning of the decade, many European countries – France, Great Britain, The Netherlands, Germany – have seen the emergence of many promising economic experiments with regional currencies. These complimentary currencies are circulated alongside the euro (or the national currency) inside a given territory – a city, a region – and can be used uniquely within this territory. Experience shows that the use of such a complementary currency reinforces local trade and helps retain resources within a region. They also tend to reinforce the link between land and community. Regional currencies thereby allow communities to compensate for the negative effects of globalization.
Post written by Bernard Lietaer, president of the ACCESS association www.lietaer.com, research fellow at the University of California’s Center for Sustainable ResourcesAuthor : Challenge for Europe