Media Coverage

Recent News

Local Food for Thought

Ann Arbor Chronicle - Mary Morgan - The day’s final speaker was Chris Bedford, president of the Center for Economic Security. He told the group that our country is in a crisis of over-consumption, of spirit and of trust. It’s imperative that we “re-localize” our economy, he said, especially in the areas of food, finance and energy. It’s all about economic renewal and community resilience – if we’re to survive, he said, we need to “trust each other, know each other, work with each other and love each other in our communities.”
 

Why We Need the Stroud Pound

Ruscombe Green Blog - Phillip Booth - Christian Gelleri, Manager of the Chiemgau Currency was in town last month talking about 'A Local Currency for Stroud?' The Chiemgauer is one of Germany's most successful local currencies. It began as a school project and was formally launched in the small Bavarian town of Chiemgau in 2003. There are over 600 participating businesses and 2,600 members who keep nearly 300,000 Chiemgauers in circulation.

How to Print Your Own Money, Build Community & Not Get Arrested by the Feds

TreeHugger - Mat McDermott - I want anyone who's got a joke on the tip of their tongue about 'monopoly money' to put it out of their mind. Printing your own local community currency is a perfectly legitimate thing to do—you can't make your own local coins but bills are legal, at least in the US—and can be a great way to encourage shopping at local businesses. It doesn't replace federal printed currency, but augments it by getting people to make the practical and symbolic gesture of supporting local businesses before national chains.

Barter Economy

BBC - Jack Izzard - It has been a bad week for sterling - at one point the pound dropped to its lowest level against the dollar for 23 years.

Its drastic decline has even prompted some City analysts to hint at of a crisis of confidence in our currency.

But is there an alternative to our beleaguered pound?

Well, yes. Small bartering collectives have been set up across the UK.

"BerkShares" Currency Helps Keep Up Local Western Mass. Economy

Finding Dulcinea - Anne Szustek - Banks in Western Massachusetts’ Berkshires region are helping gear money toward local businesses by way of BerkShares, a currency that offers customers 10 percent off purchases.

Susan Witt, the executive director of Western Massachusetts-based think tank E.F. Schumacher Society, a group focused on local production, was quoted in online publication Worldchanging: “In the last four years, there has been a renewed interest in local economy, local production.”

Community Currency Gaining Visability

The Times-Standard - Donna Tam - With the continuously bleak predictions for our nation's economy, a group of local consumers is urging the community to invest in itself through paper currency that can only be used in Humboldt County.

The Humboldt Exchange Community Currency Project, a volunteer-run group promoting the use of community currency in exchange for local services, produces the colorful bills, featuring local images created by local artists.

Going green: Communities Make Their Own Currencies

The Associated Press - Rodrique Ngowi - Diana Felber brought her groceries to the
checkout and counted out her cash — purple, blue and green bills that
aremgood only at businesses in western Massachusetts.

Known as "BerkShares," the colorful currency is printed by a nonprofit group
to encourage people to spend close to home in the state's Berkshire region.

Customers who use the money also get a built-in 10 percent discount, since
they can get 100 BerkShares for just $90 at local banks.

Trykker Egne Penger Under Finanskrisen

Dagens Næringsliv - Lokalsamfunn i Asia, USA og Sør-Amerika har begynt å ta i bruk egne penger for å støtte opp under den lokale økonomien. Sentralbankene ser på de ulovlige valutaene som en alvorlig trusel, skriver Dagens Næringsliv.

Under den store depresjonen på 1930-tallet var det svært utbredt for lokalsamfunn å ta i bruk egne valutaer på grunn av høy inflasjon og liten tiltro til den nasjonale valutaen.

Fordeler

Local Currencies Grow During Economic Recession

World Watch Institute - Ben Block - Five local banks have printed more than 2 million Berkshare notes since 2006. The 10 Berkshare note features Robyn Van En, a local pioneer of community supported agriculture.
The gentle mountain slopes of New England isolate the Berkshires, creating a peaceful remoteness in this southern Massachusetts region.

As a result, independent thinkers have thrived here. Herman Melville penned Moby Dick; Norman Rockwell etched paintings of American life; W. E. B. Dubois authored his first calls for emancipation.

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