In 2007, the Dutch municipality of Landgraaf requested an investigation into whether a community currency could support its anti-poverty policies. The literature research assembled empirical data on scrip, LETS and Time Banks. Their effects were evaluated against a set of specific goals: poverty relief, provision of care, social integration and return of long-term unemployed to the labour market. Complementary currencies have still to prove themselves on all objectives, and the last one is particularly hard to achieve. However, for the most part, the systems being investigated have not been set up in a professional way or with longer-term finances available. With these prerequisites in place, and a formal, trustworthy organisation taking the initiative, a complementary currency could still be a useful policy instrument. A Time Bank-like construction would work best, with a professional broker and a limited working area.
Miranda van Kuik Volume 13(2009) A3-18
To cite this article: van Kuik, M. (2009) ‘Time for Each Other: Working Towards a Complementary Currency Model to Serve the Anti-Poverty Policies of the Municipality of Landgraaf, the Netherlands’ International Journal of Community Currency Research 13 3-18 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2009.002
This paper summarizes research conducted by the authors who served as the ad-hoc Disbursement Task Force created by NCPlenty, Inc., the non-profit managing agency for a local currency system in central North Carolina, USA. NCPlenty, Inc. began printing a scrip-based local currency called the PLENTY in October 2002. The PLENTY, or Piedmont Local EcoNomy Tender, is based on the Ithaca HOURS currency and has faced circulation and distribution issues similar to other HOURS-based systems in the US. While at the start of the PLENTY’s first year of circulation the number of participating individuals and businesses nearly doubled and a vibrant exchange network existed, by the end of this year the growth seemed to plateau rather than continue to expand. This paper examines the hindrances to distribution and circulation within the PLENTY community economy, offers proposals for improving the currency, and relates the lessons of the PLENTY to other complementary currency endeavors.
Jonathan Lepofsky and Lisa K. Bates Volume 9(2005) 1
IJCCR vol 9 (2005) 1 Lepofsky and Bates
To cite this article: Lepofsky, J. and Bates, L.K. (2005) ‘Helping Everyone Have PLENTY: Addressing Distribution and Circulation in an HOURS-based Local Currency System’ International Journal of Community Currency Research 9 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2005.002
Local Exchange and Trading Systems (LETS) are a form of not-for-profit community enterprise which have rapidly spread throughout the English-speaking industrialised nations during the 1990s. A LETS is a local association whose members list their offers of, and requests for, work in a directory and members then exchange this activity valued in a local unit of currency. However, little is known about them. Drawing upon the results of a questionnaire sent to all Australian LETS in April 1995, this paper evaluates their contributions to community development. Finding that LETS are to some extent rebuilding more localised economies, reconstructing local social networks and helping the unemployed engage in productive activity, recommendations are made about how these achievements could be further improved. However, and on a more cautionary note, questions are raised about not only the effectiveness of, but also the reasons for, the state’s support of LETS in Australia.
Colin C Williams Volume 1(1997) 3
IJCCR vol 1 (1997) 3 Williams
To cite this article: Williams, C. (1997) ‘Local Exchange and Trading Systems (LETS) in Australia: a new tool for community development?’ International Journal of Community Currency Research 1 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.1997.002