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Date: 2024-08-16 Page is: DBtxt001.php txt00001432

Money, Banking and Financial Services
Regional Currencies

COMMENTARY
This is a useful explanation of how major currencies work to accentuate real economy problems, while a local regional currency can work to strengthen a local economy.

The video is about Germany and the Euro/Zone. It is done in english, but the origins of the essay are German.

The conclusion is that there needs to be multiple levels of currency ... regional, continental and global, rather than the single currency set that is used at present. The economic logic of the single currency set is that it results in an unstable global system rather than one that is desirable and stable.
Peter Burgess

What are regional currencies?

Uploaded by regionalgeld on Aug 5, 2010

http://youtu.be/BU5CKfju1ss

What are regional currencies? Regional/local currencies are a relatively new phenomenon in economy. Since in 2003 the 'Chiemgauer', a local currency at the lake Chiemsee (Germany) started off, the project has inspired many similar projects, and enriched the ideas about how money can function a lot.

Regional currencies are a medium of exchange designed for a certain region, which are used in addition to the currency of the country.

Uploaded by regionalgeld
on Aug 5, 2010
The text being discussed is available at
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