REC Real Economy Currency in Besos - Barcelona

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Description

REC (REC Real Economy Currency in Besos - Barcelona) .. "is a social currency created as a method for channelling public expenditure towards the local economy: 533 families that live in the Besòs area of Barcelona spend 25% of the MIS (Municipal Inclusion Support) payment using RECs in local, independently managed businesses."

As a result, the local multiplier effect of the public spending has increased by 54% within the first year, coproducing an additional public policy in supporting the local economy." (https://gmerits.eu/cases/)