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Occitan (local Currency)
Occitan is the name of a community currency started in 2010 in Pézenas, Languedoc-Roussillon, France. It is named after the Occitan language. The Occitan program is intended to promote local commerce. The Occitan operates with a fixed exchange rate: = There is a fixed commission of 4% for members (shops) and 6% for individuals. Creation and objectives An initiative of a local shopkeeper organization, ACA, the Occitan is intended to stimulate of local economy. Currency issue, exchange and acceptance They have a 1-year validity. Bills of 1, 2, 5, and 10 Occitans are issued. They feature an Occitan cross and the portrait of Molière who started his career in Pézenas. To maintain an individual bill's validity, a "scrip" corresponding to 2% of the banknote value must be paid every six months. (This system, called demurrage, is a form of currency circulation tax and was invented by Silvio Gesell.) See also * Abeille * BerkShares *Chiemgauer Chiemgauer is a regional local c ...
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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 ...
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Pézenas
Pézenas (; Languedocien: ''Pesenàs'') is a commune in the Hérault department in the Occitanie region in southern France. Name The name "Pézenas" is derived from the older name ''Piscenae'', probably from the Latin word ''piscenis'', meaning fishpond. According to legend, there was a lake full of fish behind the château. Inhabitants of Pézenas are ''Piscenois''. Origins The origins of Pézenas are unclear, but were influenced by three factors: water from the River Peyne, an ancient pre-Roman route from Rodez to Saint-Thibéry and a defensive hill site. Population Sights Pézenas has had a protected area (''Secteur sauvegardé'') since June 1965 - the 14th created by the French Ministry of Culture. The ministry lists 118 historical edifices in Pézenas, more than 30 of which are protected after being classified "Historical Monuments". The main sights include: * The old town centre with narrow streets and Hôtel Privet or Mansions (rather grand Town Houses from the 16th, 1 ...
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Languedoc-Roussillon
Languedoc-Roussillon (; oc, Lengadòc-Rosselhon ; ca, Llenguadoc-Rosselló) is a former administrative region of France. On 1 January 2016, it joined with the region of Midi-Pyrénées to become Occitania. It comprised five departments, and bordered the other French regions of Provence-Alpes-Côte d'Azur, Rhône-Alpes, Auvergne, Midi-Pyrénées towards the north, and Spain, Andorra and the Mediterranean Sea towards the south. It was the southernmost region of mainland France. Toponymy The first part of the name of the province of Languedoc-Roussillon comes from the French ("language of "), and is also a historical region. In southern France, the word for ''yes'' was the Occitan language word . Prior to the 16th century, the central area of France was referred to as , there the word for ''yes'' was in Old French, later becoming . These old place names referred to the areas where Occitan and Old French were spoken. The Edict of Villers-Cotterets made French the official nat ...
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Occitan Language
Occitan (; oc, occitan, link=no ), also known as ''lenga d'òc'' (; french: langue d'oc) by its native speakers, and sometimes also referred to as ''Provençal'', is a Romance languages, Romance language spoken in Southern France, Monaco, Italy's Occitan Valleys, as well as Spain's Val d'Aran; collectively, these regions are sometimes referred to as Occitania, Occitània. It is also spoken in Calabria (Southern Italy) in a linguistic enclave of Cosenza area (mostly Guardia Piemontese). Some include Catalan language, Catalan in Occitan, as the Linguistic distance, distance between this language and some Occitan dialects (such as the Gascon language) is similar to the distance between different Occitan dialects. Catalan was considered a dialect of Occitan until the end of the 19th century and still today remains its closest relative. Occitan is an official language of Catalonia, where a subdialect of Gascon known as Aranese dialect, Aranese is spoken in the Val d'Aran. Since Sept ...
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Molière
Jean-Baptiste Poquelin (, ; 15 January 1622 (baptised) – 17 February 1673), known by his stage name Molière (, , ), was a French playwright, actor, and poet, widely regarded as one of the greatest writers in the French language and world literature. His extant works include comedies, farces, tragicomedies, comédie-ballets, and more. His plays have been translated into every major living language and are performed at the Comédie-Française more often than those of any other playwright today. His influence is such that the French language is often referred to as the "language of Molière". Born into a prosperous family and having studied at the Collège de Clermont (now Lycée Louis-le-Grand), Molière was well suited to begin a life in the theatre. Thirteen years as an itinerant actor helped him polish his comedic abilities while he began writing, combining Commedia dell'arte elements with the more refined French comedy. Through the patronage of aristocrats including ...
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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 ...
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Demurrage (currency)
Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage is the cost of storing and securing the gold. For paper currency, it can take the form of a periodic tax, such as a stamp tax, on currency holdings. Demurrage is sometimes cited as economically advantageous, usually in the context of complementary currency systems. Theory While demurrage is a natural feature of private commodity money, it has at various times been deliberately incorporated into currency systems as a disincentive to hoard money and to achieve more efficient allocation of capital in society. In particular, for long-term investment financing, it affects the dynamics of net present value (NPV) calculations. Demurrage in a currency system reduces discount rates, and thus increases the present value of a long-term investment, and thus gives an incentive for such investments.Bernard L ...
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Silvio Gesell
Johann Silvio Gesell (; 17 March 1862 – 11 March 1930) was a German-Argentine economist, merchant, and the founder of Freiwirtschaft, an economic model for market socialism. In 1900 he founded the magazine ''Geld-und Bodenreform'' (''Monetary and Land Reform''), but it soon closed for financial reasons. During one of his stays in Argentina, where he lived in a vegetarian commune, Gesell started the magazine ''Der Physiokrat'' together with Georg Blumenthal. In 1914, it closed due to censorship. The Bavarian Soviet Republic, in which he participated, had a violent end and Gesell was detained for several months on a charge of treason, but was acquitted by a Munich court after a speech he gave in his own defense. Life Silvio Gesell's mother was Walloon and his father was German, originally from Aachen, who worked as a clerk in the then-Prussian district of Malmedy, now part of Belgium. Silvio was the seventh of nine children. After visiting the public Bürgerschule in Sankt ...
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Abeille (local Currency)
Abeille is the name of a community currency started in 2010 in Villeneuve-sur-Lot, France. It is named after the French word for bee. The Abeille program is intended to promote local commerce. The Abeille operates with a fixed exchange rate: = Creation and objectives An initiative of a local NGO, "Agir pour le vivant" (Act for the living), the Abeille is intended to: #Promotion of sustainability: organic food and renewable energy among others #Strengthening the solidarity: enhancing the human relationship between local shoppers and businesses #Stimulation of local economy. Currency issue, exchange and acceptance Bills of 1, 2, 5, and 10 Abeille are issued. They feature drawings from the painter Jean-Claude Maurel on the obverse, and a photograph of a bee on a flower by the photographer Christian Aymé on the reverse. To maintain an individual bill's validity, a "scrip" corresponding to 2% of the banknote value must be paid every six months. (This system, called demurrage, is a ...
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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 ...
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