Vol. 21 (Summer) Issue 2, pp.85-97

A new type of money for a Mayan community to build resilience in a context of economic crisis

Ranulfo Paiva Sobrinho1, Claudia Maricusa Agraz Hernández2, Karla Vanessa Córdoba Brenes3, Juan Osti Sáenz2, Ademar Ribeiro Romeiro4

1Researcher at the Institute of Economics in the Campinas State University. Cidade Universitária “Zeferino Vaz” Barão Geraldo – Campinas, São Paulo, Brasil. CEP: 13083-970. Telefonista – PABX: 55 19 3521-2121. Co-founder of Sustainability.School

2Instituto EPOMEX, Universidad Autónoma de Campeche, Av. Agustín Melgar s/n entre Juan de la Barrera y Calle 20, Col. Buenavista, A.P. 24039 San Francisco de Campeche, Campeche, México. Teléfono (52) 981 8119800 ext. 62309. Fax ext. 62399.

3Co-founder of Sustainability.School. http://www.sustainability.school

4Researcher at the Institute of Economics in the Campinas State University. Cidade Universitária “Zeferino Vaz” Barão Geraldo – Campinas, São Paulo, Brasil. CEP: 13083-970. Telefonista – PABX: 55 19 3521-2121.

Abstract

We present the proposal of a complementary currency, the Sodziles, to strength the local economy and social ties among the members of the Mayan community of Sodzil (Campeche, Mexico) that work in a mangrove restoration project. This project is important both for the conservation of mangroves and for the social and economic dynamics of Sodzil community. The Sodziles are backed by the restored mangrove ecosystem. We describe key local environmental, social and economic aspects, as well as the macroeconomic context within which the project is developing, specifically, the credit expansion and level of indebtedness in the various sectors of the country, and especially in Campeche State, where the restoration project is in process. From there, it was possible to identify that Mexico is close to a strong economic recession due to the high level of indebtedness of the sectors of its economy. The occurrence of this crisis may affect government funds to finance the restoration project, as well as economic activities such as construction works on which some of the Mayan descendants depend. There is no crisis yet, but it is important to consider the Sodziles as an option in case this crisis happens and also to ensure that the recovered mangroves are protected.

Keywords

Dollar standard, mangrove restoration, complementary currency, Maya community, money backed by mangrove restored areas

Article Ranulfo et al.pdf

To cite this article: Ranulfo Paiva Sobrinho et al. (2017) ‘A new type of money for a Mayan community to build resilience in a context of economic crisis’ International Journal of Community Currency Research 2017 Volume 21 (Summer) 85-97 <www.ijccr.net> ISSN 1325-9547. DOI http://dx.doi.org/10.15133/j.ijccr.2017.010

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