December 2013

Berkshire County Eschews Dollars for Own Currency - BerkShares

Washington Times - Cheryl K. Chumley - It started at five community banks and has now spread to more than 400 local businesses. One small county in Massachusetts has created its own system of money, currency called BerkShares that’s accepted by a large portion of the establishments in the community.

And $100 will get you 105 BerkShares — a 5 percent discount for money that’s good at most of the local stores, PBS NewsHour reported. Conversely, trading in BerkShares for greenbacks calls for a 5 percent fee — so 105 BerkShares only buys $100 at the banks.