Example of A Fully Funded Complementary Currency
The Toronto dollar system is fully funded by (i.e. backed by) Canadian dollars. Participating merchants are free to exchange the Toronto dollars for Canadian dollars.
In addition to being supported by any number of social activists, including philosophers, clergy, artists, etc., it is fully supported by a growing number of political leaders, past and present, including, over the years, several mayors of Toronto.
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Famous quotes containing the words currency and/or fully:
“Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are cheques drawn on insufficient funds.”
—René Daumal (19081944)
“Mothers who have little sense of their own minds and voices are unable to imagine such capacities in their children. Not being fully aware of the power of words for communicating meaning, they expect their children to know what is on their minds without the benefit of words. These parents do not tell their children what they mean by good much less why. Nor do they ask the children to explain themselves.”
—Mary Field Belenky (20th century)