April 2009

Some Communities Print Their Own Currency to Keep Money Local

Fox News - Molly Line - It looks like Monopoly money, but the colorful currency created by collaborators in the western Massachusetts town of Great Barrington is helping pump real dollars into the local economy.

The creative cash is called "BerkShares," a play on words, referring to the mountainous region called the Berkshires, where businesses and citizens have come together to support each other in these tough economic times.

Communities Print Thier Own Currency to Keep Cash Flowing

USA Today - Marisol Bello - A small but growing number of cash-strapped communities are printing their own money.

Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.

The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency.

Pages