Raising funds: Salt Spring Island gives national currency a run for its money.

Alternatives JournalVol. 31 Nbr. 1, January 2005

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Summary


Currency stabilization

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Raising funds: Salt Spring Island gives national currency a run for its money.

A NUMBER of communities around the world are taking control of their local economies by creating their own currencies. These currencies focus on local control, helping revitalize communities by circulating money within the community rather than allowing wealth to flow out. Since alternative currencies can only be spent locally, residents and visitors alike are encouraged to seek local providers to make their purchases.

In recent years, Canada has seen the rise of several new trading systems, such as Calgary Dollars, Toro...

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