- Does anyone have knowledge or experience around alternative ways of trading to the use of the NZD, such as Local Currencies?
- Reply To: Does anyone have knowledge or experience around alternative ways of trading to the use of the NZD, such as Local Currencies?
Reply submitted 15/04/20 @ 02:57pm::
That’s great. Thanks Craig.
Local Currencies are currencies that run supplementary to a national currency and are only valid within a smaller geographical region e.g. a city. Their core purpose is to connect those communities and aid them in trading amongst themselves. There are also a range of environmental and social benefits behind them. Check out the for a great example.
Key takeaway is that communities can trade and exchange skills and products without the NZD. I think Local Currencies will have an important role to play as the economy evolves out of COVID.