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:
“It is not enough that we are truthful; we must cherish and carry out high purposes to be truthful about.”
—Henry David Thoreau (1817–1862)
“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)
“A culture may be conceived as a network of beliefs and purposes in which any string in the net pulls and is pulled by the others, thus perpetually changing the configuration of the whole. If the cultural element called morals takes on a new shape, we must ask what other strings have pulled it out of line. It cannot be one solitary string, nor even the strings nearby, for the network is three-dimensional at least.”
—Jacques Barzun (b. 1907)