A sectoral currency is a form of
complementary currency
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 thei ...
that is restricted to a specific
sector
Sector may refer to:
Places
* Sector, West Virginia, U.S.
Geometry
* Circular sector, the portion of a disc enclosed by two radii and a circular arc
* Hyperbolic sector, a region enclosed by two radii and a hyperbolic arc
* Spherical sector, a po ...
. Examples of sectoral currency are the
Saber
A sabre (French: sabŹ or saber in American English) is a type of backsword with a curved blade associated with the light cavalry of the early modern and Napoleonic periods. Originally associated with Central European cavalry such as the ...
, which is restricted to the
education
Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty ...
al sector and thus can only be used to buy education, and the
Fureai kippu
Fureai kippu (in Japanese ćµćććåē¬¦: Caring Relationship Tickets) is a Japanese sectoral currency created in 1995 by the Sawayaka Welfare Foundation so that people could earn credits helping seniors in their community.
The basic unit ...
, which is restricted to the
health care
Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health pr ...
sector.
Sectoral currencies can make people provide the type of services they themselves require or intend to use in the future, which means people may act
collectively intelligent because a currency is not generally redeemable.
Local currencies
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