Complementing our work on monetary and financial reforms we are also the UK's leading institute in theory and practice of complementary currencies. These community-led, bottom-up exchange systems stimulate more vibrant, equitable and sustainable economies locally. We researched and worked with LETS, timebanking, the Brixton and Bristol Pounds and support innovation and implementations of currency initiatives in the EU-Interreg project Community Currencies in Action.
- The Swiss WIR complementary currency has an annual turnover of 1.2 billion Swiss Francs, serving 62,000 SMEs and has been existence since 1934
- The Brixton Pound has now registered over 1000 pay-by-text users
- Supported by the Central Bank, the Brazilian Banco Palmas currency and community bank has been replicated over 100 times
Publication // February 27, 2013
The world is facing an ecological crisis. Our economic system fails to properly account for the natural resources on which human prosperity depends. But attempts to remedy the problem, for example through environmental taxation, fail to address an elephant lurking in the room: the monetary system. Energy-related money offers a means to improve the qualities of the monetary system, while also stimulating the low-carbon energy transition we urgently need.More
Publication // December 1, 2002
LM3 has been tried and tested across the UK, from agriculture to social enterprise to local government procurement, to determine how money coming into your community is then spent and re-spent. The Money Trail shows you how to use LM3 to find out what’s really happening in your local economy, and how you can make it better. You can find supplementary materials and downloads on nef‘s Plugging the Leaks website www.pluggingtheleaks.org.More