Complementary currency (CC) is a currency meant to be used as a complement to another currency, typically a national currency. Complementary currency is sometimes referred to as complementary community currency (CCC) or as community currency. The term local currency, describing a complementary currency which is limited to a single locality, is sometimes used interchangeably with complementary currency. There are, however, some complementary currencies which are regional or global, such as the Community Exchange System, WIR and Friendly Favors, or the proposed global currency terra.
Complementary currency describes currencies that exists as a supplement to our conventional (national) money. “A complementary currency (…) is an agreement to use something else than legal tender (i.e. national money) as a medium of exchange, with the purpose to link unmet needs with otherwise unused resources” (Lietaer & Hallsmith 2006: 2).
Read more about Complementary Currency: Purposes, Complementary Currencies, Types of Complementary Currencies, Example of A Fully Funded Complementary Currency, Example of A Fully Digital Complementary Currency, Major Activists, Related Concepts
Other articles related to "complementary currency, currency, complementary":
... A community currency is also called a complementary currency, local currency, regional currency, alternative currency, auxiliary currency, or private currency ... A community currency is a currency used by groups with a common bond, like members of a locality, or association ... Alternative currency is often used, but in essence this term is deceitful in many cases, as many currencies are designed to be complementary, and not to concur with- or to substitute conventional currencies ...
... The same amount of currency in circulation is employed more times and results in far greater overall economic activity ... The alternative currency is utilized to increase demand, resulting in a greater exploitation of productive resources ... at less than full capacity, the introduction of local currency need not be inflationary, even when it results in a significant increase in total money supply and total ...
... A Community Currency is often used as synonym for complementary currency, local currency, regional currency, alternative currency, auxiliary currencies, and private currencies ... Community Currency describes currencies that are used by groups with a common bond, like members of a locality, or association ... Complementary currency describes currencies that exists as a supplement to our conventional (national) money ...
Famous quotes containing the word currency:
“Money is the worst currency that ever grew among mankind. This sacks cities, this drives men from their homes, this teaches and corrupts the worthiest minds to turn base deeds.”
—Sophocles (497406/5 B.C.)