FAQ

Are Local Currencies going to replace National Currencies?

Local Currencies are a complementary currency, not an alternative currency. The aim of it is to ensure that they emphasise the availability and quality of locally produced goods and locally owned businesses, its people and its economy, supporting social and economic inclusion and tackle the environmental crises. 

Four Ways to Inject a New Currency into a Local Economy

Just like the banks, issuers of an alternative currency can create the currency out of nothing. It can be issued in the form of  printed notes stamped as "official" or as an amount deposited into an online account per accounting entry. Most of the time, issuers come from a non-profit organisations. 

The integration of a new currency in a local economy can be performed by:

1. Selling the local currency for another currency.

2. Lending the local currency to businesses and individuals.

3. Investing the local currency into businesses.

4. Spending the money into existence: issueing money to pay directly for government programs like infrastructure projects, social programs, health and education benefits.