₦airaland Forum

I read of the community that printed her own currency in Nigeria.

Now is the time to learn from them


https://www.nairaland.com/7532856/inside-kwara-community-ijara-isin-where

The one that we have printed, how have we distributed it.

if you know the illegality behind this your proposal,you won't even think it....the way government will so deal with any community that introduces their currency,mouth no go let them talk

rickpat:
if you know the illegality behind this your proposal,you won't even think it....the way government will so deal with any community that introduces their currency,mouth no go let them talk

Which illegality.

They will deposit the real money in the bank and trade with their own currency

freeandfair247:
Which illegality.

They will deposit the real money in the bank and trade with their own currency

okay...till then

It's a very old idea that is quite common in Europe, even if it's not that talked about. It's a great way to keep a community's wealth inside its borders by creating a "parallel economy".

If you want to see a successful example, look up "Sardex" - it's a "complementary currency" that was born in the region of Sardinia, Italy, and has reached the points where it's used by over 11 000 enterprises, it has its own lending institution and has increased local GDP growth by up to 3-4% in some areas.

There are very few links in English, but I managed to dig up some if you're interested in reading about this social experiment (not the only one currently running in Italy, just one of the most successful).

Article in English - https://sailorsforsustainability.nl/portfolio/sardex-a-local-currency-for-a-circular-economy-ita/
Link in Italian (the main organization organizing the usage of the currency) - https://www.sardexpay.net/

OAra:
It's a very old idea that is quite common in Europe, even if it's not that talked about. It's a great way to keep a community's wealth inside its borders by creating a "parallel economy".

If you want to see a successful example, look up "Sardex" - it's a "complementary currency" that was born in the region of Sardinia, Italy, and has reached the points where it's used by over 11 000 enterprises, it has its own lending institution and has increased local GDP growth by up to 3-4% in some areas.

There are very few links in English, but I managed to dig up some if you're interested in reading about this social experiment (not the only one currently running in Italy, just one of the most successful).

Article in English - https://sailorsforsustainability.nl/portfolio/sardex-a-local-currency-for-a-circular-economy-ita/
Link in Italian (the main organization organizing the usage of the currency) - https://www.sardexpay.net/

Thank you for the information