Local Currencies

Some articles on local currencies, local, currencies:

Currency - Local Currencies
... In economics, a local currency is a currency not backed by a national government, and intended to trade only in a small area ... the original purpose of all money.) Opponents of this concept argue that local currency creates a barrier which can interfere with economies of scale and comparative advantage, and that in some cases they can serve as ... Local currencies can also come into being when there is economic turmoil involving the national currency ...
Military Payment Certificate - History of MPCs
... The local citizens might not trust local currencies, as the future of their governments was unclear ... dollars, local civilians often accepted payment in dollars for less than the accepted conversion rates ... Dollars became more favorable to hold, inflating the local currencies and thwarting plans to stabilize local economies ...
Local Currency - Modern Local Currencies
... There has been a tremendous surge in the use of local currencies over the past two decades ... Today there are over 2,500 different local currency systems operating in countries throughout the world ... Since 2002 there has been an upsurge in local currency experiments particularly payment voucher-based systems that are exchangeable with the national currency ...
Local Currency - Characteristics - Benefits
... common characteristics and major benefits of local currencies ... Local currencies tend to circulate much more rapidly than national currencies ... Local currencies enable the community to more fully utilize its existing productive resources, especially unemployed labor, which has a catalytic effect on the rest of ...

Famous quotes containing the word local:

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    —For the State of New Jersey, U.S. public relief program (1935-1943)