The Urstromtaler is a

community currency A community is a social unit (a group of living things) with commonality such as place, norms, religion, values, customs, or identity. Communities may share a sense of place situated in a given geographical area (e.g. a country, village, tow ...

being used in the landlocked states

Brandenburg Brandenburg (; nds, Brannenborg; dsb, Bramborska ) is a state in the northeast of Germany bordering the states of Mecklenburg-Vorpommern, Lower Saxony, Saxony-Anhalt, and Saxony, as well as the country of Poland. With an area of 29,480 sq ...

and

Saxony-Anhalt Saxony-Anhalt (german: Sachsen-Anhalt ; nds, Sassen-Anholt) is a state of Germany, bordering the states of Brandenburg, Saxony, Thuringia and Lower Saxony. It covers an area of and has a population of 2.18 million inhabitants, making it th ...

side by side with the

euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

. 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 store A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many pa ...

s. 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.

References

{{Germany-stub Local currencies Currencies of Germany

See also

References