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:
“One of the baffling things about life is that the purposes of institutions may be ideal, while their administration, dependent upon the faults and weaknesses of human beings, may be bad.”
—Mary Barnett Gilson (1877–?)
“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)
“So shall you hear
Of carnal, bloody, and unnatural acts,
Of accidental judgments, casual slaughters,
Of deaths put on by cunning and forced cause,
And in this upshot, purposes mistook
Fallen on th’inventors’ heads.”
—William Shakespeare (1564–1616)