Local Currency
In 2011, a local currency called CDD was created for use exclusively in the Cidade de Deus, to encourage inhabitants to spend more locally, thus boosting the local economy. The currency is subsidized. Its value is indexed to about 20% higher than the national currency, the Brazilian real.
Read more about this topic: Cidade De Deus (Rio De Janeiro)
Famous quotes containing the words local and/or currency:
“Resorts advertised for waitresses, specifying that they “must appear in short clothes or no engagement.” Below a Gospel Guide column headed, “Where our Local Divines Will Hang Out Tomorrow,” was an account of spirited gun play at the Bon Ton. In Jeff Winney’s California Concert Hall, patrons “bucked the tiger” under the watchful eye of Kitty Crawhurst, popular “lady” gambler.”
—Administration in the State of Colo, U.S. public relief program (1935-1943)
“It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic, and sub-atomic, and galactic
structure of things today. And you have meddled with the primal forces of nature! And you will atone! Am I getting through to you, Mr. Beale?”
—Paddy Chayefsky (1923–1981)