Community Currency

Definition of Community currency

A community currency is a form of paper scrip circulated at the country, town or community level with the purpose of supporting participation in local businesses. The aim behind circulation of community currencies is to invite more spending on local businesses against the chain or ‘big box’ store.

Books on Community currency

Book 1 –

Global And Local Polemics Of Development By Maiti, Prasenjit (published by Concept Publishing Company, 2010)

Book 2 –

Community Currency: An Approach to Economic Sustainability in Our Local Bioregion By Natalie Soder (published by Humboldt State University, 2008)

How Community currency works?

One of the earliest examples of community currency would be in the Channel Island of Guernsey, during the vigorous war of the Napoleonic Wars, at this moment the local realized they are running out of resources as well as money, eventually they solved their problems by issuing their own money.

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