Difference between revisions of "Alternative Currencies"

From P2P Foundation
Jump to navigation Jump to search
Line 29: Line 29:
 
*[[Financial commons]]
 
*[[Financial commons]]
 
*[[Open Source Economics]]
 
*[[Open Source Economics]]
 +
*[[Circular Multilateral Barter]]
  
 
[[Category:Encyclopedia]]
 
[[Category:Encyclopedia]]
 
[[Category:Money]]
 
[[Category:Money]]

Revision as of 12:13, 26 June 2011

Definition

From the Wikipedia at http://en.wikipedia.org/wiki/Alternative_currency


"Alternative currency is a term that refers to any currency used as an alternative to the dominant national or multinational currency systems (usually referred to as national or fiat money). Alternative currencies can be carefully created by an individual, corporation, or organization, they can be created by national, state, or local governments, or they can arise naturally as people begin to use a certain commodity as a currency. Mutual credit is a form of alternative currency, and thus any form of lending that does not go through the banking system can be considered form of alternative currency.

When used in combination with or when designed to work in combination with national or multinational fiat currencies they can be referred to as Complementary Currencies. If the use of an alternative currency is limited to a certain region, they are called Local Currencies." (http://en.wikipedia.org/wiki/Alternative_currency)

Such currencies are either time-based (each hour of work is considered equal), or have a value that can be negotiated (LETS


More Information

See our entries on

See Also