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Chiemgauer
Chiemgauer is a regional local currency started in 2003 in Prien am Chiemsee, Bavaria, Germany. Named after the Chiemgau, a region around the Chiemsee lake, it is intended to increase local employment, supporting local culture, and make the local food supply more resilient. The Chiemgauer operates with a fixed exchange rate, tied to the value of the euro: 1 Chiemgauer = €1. History In 2003, Christian Gelleri, a high school teacher, started this project with his students, who are in charge of designing and printing vouchers and take care of administration, accounting, advertising, and other tasks. Chiemgauer is a member of a regional currencies' network called Regiogeld (regiomoney association). Gelleri had been inspired by the economists Silvio Gesell and Rudolf Steiner, and by the former's Freigeld. The Chiemgauer is intended for: * Employment creation: unemployed, students, and volunteers are hired to work, earning some allowances * Promotion of cultural, edu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regional Currency
In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database. Terminology Some definitions: * Complementary currency - is used as a complement to a national currency, as a medium of exchange, which is usually not legal tender. * Community currency - a complementary currency used by a group with a common bond, such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Currency
In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database. Terminology Some definitions: * Complementary currency - is used as a complement to a national currency, as a medium of exchange, which is usually not legal tender. * Community currency - a complementary currency used by a group with a common bond, such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Currency
In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database. Terminology Some definitions: * Complementary currency - is used as a complement to a national currency, as a medium of exchange, which is usually not legal tender. * Community currency - a complementary currency used by a group with a common bond, such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urstromtaler
The Urstromtaler is a community currency being used in the landlocked states Brandenburg and Saxony-Anhalt side by side with the euro. It equates one-to-one with euro in value and is accepted by several local shops and businesses. The supporters argue that this helps by promoting local business especially for the small local shops that have to compete against corporate supermarkets and chain stores. There are 22 other regional currencies that have sprung up in Germany. Sometimes it is argued that Regiogeld is illegal, but most academics tend to see Regiogeld as a legal and welcome route to adapt regional economies to globalisation. See also *Chiemgauer Chiemgauer is a regional local currency started in 2003 in Prien am Chiemsee, Bavaria, Germany. Named after the Chiemgau, a region around the Chiemsee lake, it is intended to increase local employment, supporting local culture, and make the loca ... References {{Germany-stub Local currencies Currencies of Germany ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Complementary Currencies
A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies. Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d'Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy. They may also be used to advance particular social, environmental, or political goals. When speaking about complementary currencies, a number of overlapping and often interchangeable terms are in use: local or community currencies are complementary currencies used within a locality or other form of community (such as business-based or online communities); regional currencies are similar to local currencies, but are used within a larger geographical region; and sectoral currencies are complementary curren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scrip
A scrip (or ''chit'' in India) is any substitute for legal tender. It is often a form of credit. Scrips have been created and used for a variety of reasons, including exploitive payment of employees under truck systems; or for use in local commerce at times when regular currency was unavailable, for example in remote coal towns, military bases, ships on long voyages, or occupied countries in wartime. Besides company scrip, other forms of scrip include land scrip, vouchers, token coins such as subway tokens, IOUs, arcade tokens and tickets, and points on some credit cards. Scrips have gained historical importance and become a subject of study in numismatics and exonumia due to their wide variety and recurring use. Scrip behaves similarly to a currency, and as such can be used to study monetary economics. History A variety of forms of scrip were used at various times in the 19th and 20th centuries. Company scrip Company scrip was a credit against the accrued wages of employ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prien Am Chiemsee
Prien am Chiemsee (official: , High German [], Bavarian (local) dialect []) is a municipality in the Upper Bavarian Rosenheim (district), district of Rosenheim in Germany. The town is a certified Luftkurort, air and Sebastian Kneipp, Kneipp spa on the western shore of the lake of Chiemsee, 16 km (9.3 mi) east of Rosenheim. The name of Prien is derived from the Celtic denomination of the river Prien (''Brigenna,'' 'coming from the mountains'). Geography Neighborhoods The political municipality of Prien am Chiemsee has 36 officially denominated neighborhoods: Transport Prien is on the main rail line between Munich and Salzburg. Two branch lines originate at the Prien station. The Chiemgau Railway is a 10-km line extending into the foothills of the Alps at Aschau im Chiemgau; it is served by diesel multiple units. The Chiemsee-Bahn is a 2-km narrow-gauge steam-operated seasonal tourist line connecting the Prien station with Lake Chiem at Prien-Stock. From there b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosenheim
Rosenheim is a city in Bavaria, Germany. It is an independent city located in the centre of the district of Rosenheim (Upper Bavaria), and is also the seat of its administration. It is located on the west bank of the Inn at the confluence of the rivers Inn and Mangfall, in the Bavarian Alpine Foreland. It is the third largest city in Upper Bavaria with over 63,000 inhabitants. Rosenheim is the economic centre and the busiest place in the region. Geography The population of the actual city is approximately 60,000 inhabitants with up to 125,000 in the surrounding area. Rosenheim is situated in the Upper-Bavarian Alpine Foothills, above sea level and covers an area of . The capital of Bavaria, Munich, is North-West of Rosenheim. Rosenheim station is at the junction of the Munich–Rosenheim, the Rosenheim–Salzburg and the Munich–Innsbruck lines. The landscape around Rosenheim was formed during the last ice age from the advancement of the Inn Valley Glacier and later the Ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WIR Bank
The WIR Bank, formerly the Swiss Economic Circle (German: ''Wirtschaftsring-Genossenschaft''), or WIR, is an independent complementary currency system in Switzerland that serves businesses in hospitality, construction, manufacturing, retail and professional services. WIR issues and manages a private currency, called the WIR franc, which is used in combination with the Swiss franc to generate dual-currency transactions. System The WIR franc is an electronic currency reflected in clients' trade accounts and so there is no paper money. The intentions of starting were in increased sales, cash flow and profits for a qualified participant. WIR created a credit system which issues credit, in WIR francs, to its members. The credit lines are secured by members pledging assets which ensures that the currency is asset-backed. When two members enter into a transaction with both Swiss francs and WIR francs it reduces the amount of cash needed by the buyer; the seller does not discount it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Velocity Of Money
image:M3 Velocity in the US.png, 300px, Similar chart showing the logged velocity (green) of a broader measure of money M3 that covers M2 plus large institutional deposits. The US no longer publishes official M3 measures, so the chart only runs through 2005. The velocity of money measures the number of times that the average unit of currency is used to purchase goods and services within a given time period. The concept relates the size of economic activity to a given money supply, and the speed of money exchange is one of the variables that determine inflation. The measure of the velocity of money is usually the ratio of the gross national product (GNP) to a country's money supply. If the velocity of money is increasing, then transactions are occurring between individuals more frequently. The velocity of money changes over time and is influenced by a variety of factors. Illustration If, for example, in a very small economy, a farmer and a mechanic, with just $50 between them, b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microcredit
:''This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropayment.'' Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founded in Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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