A small group of entrepreneurs in Sopron (Hungary), led by Tamás Perkovátz, decided in autumn of 2008, to make the local economy – which was previously famous for its grape and wine – prosper again, and to unite the economies of the area cut into three parts, belonging to three different countries. Thus they created an European Cooperative Society (SCE), that had individuals and legal entities from Hungary, Austria and Croatia as members, and the goal of the Cooperative was defined as to introduce and operate a complementary currency Kékfrank (blue franc, named for a wine variety), to be used within the region. This paper presents the European Union directives and regulations that made the creation of Kékfrank possible and finally it shows the main characteristics and possible further developments of the new currency which was born in spring of 2010 through the first official exchange.
Zsuzsanna Eszter Szalay Volume 15(2011) Special Issue D52-56
IJCCR 2011 Special Issue 10 Szalay
To cite this article: Szalay, Z.E. (2011) ‘Kékfrank to Boost the Resilience of Locality’ International Journal of Community Currency Research 15 (D) 52-56 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.021
This paper compares two of the most successful community currency systems in the province of Quebec, Canada: l’Accorderie and Le Jardin d’Echange Universel (JEU). The paper compares their founding principles and organisational structures, and their mechanisms and mediums of exchange. While the former is quite well-institutionalised and attempts to operate professionally, ‘within the system’, the latter is a volunteer-run initiative with more ambiguous status. The paper attempts to evalute their impacts, where data is available, and concludes that while both exchange systems have their pros and cons, a definite advantage for l’Accorderie is that its legal status gives them better access to funding which ultimately permits them to offer their members the means by which to form an economic strategy in both the informal economy, through exchanges, and in the formal economy, through microcredit and participating in the monthly buyer’s group. This is particularly important to its poorer members where every dollar saved by making local exchanges can be used to improve their material well-being in the formal economy.
Mathieu Lizotte and Gérard Duhaime Volume 15(2011) Special Issue D47-51
IJCCR 2011 Special Issue 09 Lizotte
To cite this article: Lizotte, M. and Duhaime, G. (2011) ‘L’Accorderie and Le Jardin Universel (JEU) in Quebec’ International Journal of Community Currency Research 15 (D) 47-51 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.020
After losing its lawsuit against a community bank issuing a community currency, the Central Bank of Brazil has just started a cooperation agreement with the National Secretary for Solidarity Economy of the Labour Ministry of Brazil to support and develop the current 51 community banks and their own social currency in order to reach about 300 by 2012, becoming an exemplary model. This world premiere central bank support associated with one of the highest amount of community currency systems of Latin America brought Brazil as a significant site of experimentation in this field. Furthermore, some daring innovations seem to confirm this position in a long-term future unless this normative control of a centralized institution decreases the creativity. Indeed, sustainable economic orientation still needs creative tools, associated to an ethical vision, to decrease material consumption dependence and increase post-materialist values exchange: community currency transformation to an effective grassroots innovation for sustainability, prosperity and democracy seems to be necessary.
Christophe Place Volume 15(2011) Special Issue D39-46
IJCCR 2011 Special Issue 08 Place
To cite this article: Place, C. (2011) ‘Community Currency Progress in Latin America (Banco Palmas)’ International Journal of Community Currency Research 15 (D) 39-46 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.019
After more than a decade of researching, implementing and supervising complementary currencies projects in the region, the Social Trade Organisation Central America (STRO-CA) has accumulated many lessons learnt and developed complementary currency methods along with strategies to stimulate its circulation, but most of all to create stable, diversified and resilient local economies in the cities where projects are in research, execution and/or supervision. This report introduces the STRO-CA approach to complementary currency development, and reflects on ten years of currency innovation and development in Central America.
Erik Brenes Volume 15(2011) Special Issue D32-38
IJCCR 2011 Special Issue 07 Brenes
To cite this article: Brenes, E. (2011) ‘Complementary Currencies for Sustainable Local Economies in Central America’ International Journal of Community Currency Research 15 (D) 32-38 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.018
This paper is a brief report of several schemes that exist today, September 2010, in Greece and permit their members to perform transactions without any official currency. The report covers parallel currency schemes, exchange networks and several related initiatives that could be characterised as alternative exchange or non-mainstream modes of economic activity.
Irene Sotiropoulou Volume 15(2011) Special Issue D27-31
IJCCR 2011 Special Issue 06 Sotiropoulou
To cite this article: Sotiropoulou, I. (2011) ‘Alternative Exchange Systems in Contemporary Greece’ International Journal of Community Currency Research 15 (D) 27-31 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.017
Japan has been regarded from abroad as one of the most developed countries in terms of CC systems, depicted by Kennedy and Lietaer (2004) as “the country in the world with the most systems in operation today, but also the nation with the greatest diversity of such experiments.” However, this paper argues that the lack of literature about initiatives in languages other than Japanese has been a hurdle that has not allowed Western researchers to grasp the real picture. This article’s goal is to show the historical development of CC initiatives in this East-Asian country, revealing how the very concept of having another means of exchange for communities has been transformed over years by the unique interpretations and the conceptual manipulation of Japanese promoters and practitioners.
Yasuyuki Hirota Volume 15(2011) Special Issue D22-26
IJCCR 2011 Special Issue 05 Hirota
To cite this article: Hirota, Y. (2011) ‘What Have Complementary Currencies in Japan Really Achieved?’ International Journal of Community Currency Research 15 (D) 22-26 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.016
In several places in Germany colourful slips of paper replace the Euro as a medium of exchange. These unofficial tenders German Regiogeld, a phenomenon which occurred around 2001 and spread rapidly all over Germany. It appears not only with different names but also in various forms. The article introduces this special complementary currency. It describes briefly – and from a sociological point of view – what it is, how it has originated, the actual status quo and possible future developments. It is based on my 4 year ethnographic research which was done in the context of a sociological dissertation. For this article one of my results is particular important: Regiogeld is a phenomenon which originated in the fusing of different movements, a money-reform-oriented, an esoteric and several regionalization-oriented.
Christian Thiel Volume 15(2011) Special Issue D17-21
IJCCR 2011 Special Issue 04 Thiel
To cite this article: Thiel, C. (2011) ‘Complementary Currencies in Germany: The Regiogeld System’ International Journal of Community Currency Research 15 (D) 17-21 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.015