Purposes
Complementary currencies are often designed intentionally to address specific issues or problems. Most complementary currencies have multiple purposes and/or are intended to address multiple issues. They are very useful for communities that do not have access to financial capital, and can be useful for adjusting peoples' spending behavior. The 2006 Annual Report of the Worldwide Database of Complementary Currency Systems presented a survey of 150 complementary currency systems in which 94 respondents said that "all reasons" were selected, among cooperation, micro/small/medium enterprise development, activating the local market, reducing the need for national currency, and community development.
In the current economic climate, some local money projects can also be promoted as
- low carbon, by encouraging localisation of trade and relationships
- lifeboat currencies
- encouraging use of under-used resources
- recognising the informal economy
Read more about this topic: Complementary Currency
Famous quotes containing the word purposes:
“O, I am smitten with a hatchet’s jaw;
And that in deed and not in word alone.
chorus: I thought I heard a sound within the house
Unlike the voice of one that jumps for joy.
He splits my skull, not in a friendly way,
Once more: he purposes to kill me dead”
—A.E. (Alfred Edward)
“What we call a democratic society might be defined for certain purposes as one in which the majority is always prepared to put down a revolutionary minority.”
—Walter Lippmann (1889–1974)
“Researchers, with science as their authority, will be able to cut [animals] up, alive, into small pieces, drop them from a great height to see if they are shattered by the fall, or deprive them of sleep for sixteen days and nights continuously for the purposes of an iniquitous monograph.... “Animal trust, undeserved faith, when at last will you turn away from us? Shall we never tire of deceiving, betraying, tormenting animals before they cease to trust us?””
—Colette [Sidonie Gabrielle Colette] (1873–1954)