24 August 2009

The Brooklyn Dollar

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The Brooklyn Dollar
Fast Company explores what neighbourhood currency would look like:

“Hyper-localized currencies have been popping ever since the economy went sour–not surprising, since local currencies also gained popularity during the Great Depression. Five local Massachusetts banks have developed Berkshares–there are 185,000 paper notes are already in circulation–each of which is designed by a local artist. California’s Humboldt County has distributed $130,000 in currency since 2005, and Canada’s Toronto Dollar moved $90,000 worth of currency in the past year.”

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