Transition Towns NL about Local Money

Here is the page of Transition Towns Nederland about Local Money, lots of tips and links to further information. It provides a good number of tools for setting up additional economic systems yourself. The original page can be found at:

Local money

Transition Towns want their local economy strengthening, for example by introducing some form of local or regional money. A few Transition Towns in Great Britain have now introduced a local currency. The experiences with this will partly determine the further development of forms of local money.

In Totnes they use the Totnes Pound: a self-printed banknote accepted by local shops. Also in British places LewesStroud and Brixton similar experiments have been started. Brochure 'The Lewes Pound' - A Transition Network 'How To' guide, by Oliver Dudok van Heel (free download)

Dutch translation of this brochure (free download)

30 minutes recording of an (English) introduction by Oliver Dudok van Heel on 'Local Currencies, Transition and the Lewes Pound', during Picnic 09 in September 2009 in Amsterdam. (click here >>>)

Dutch Transition Towns with active working groups around local money include Groningen and Nijmegen

In many countries in the world, and also in the Netherlands, there are LETS circles, or Local Economic Transaction Systems. In addition, there are many other forms of complementary economy, such as Regiogeld. In the Netherlands, regional money has only been introduced in Gelderland (Gelre Trading Networks).

In Germany much more experience has already been gained with this. Item in it NOS News of March 11, 2007 about regional money in Germany

Guide to a Community Currency, publication of Netwerk Vlaanderen

Read more about various forms of local (exchange) economy

Local Money - How to make it happen in your community

The book was published in the spring of 2010 'Local Money - How to make it happen in your community' in the Transition Guides series from the publisher GreenBooks. This book, written by Peter North, a lecturer at Liverpool University, also offers several other forms of complementary economics, such as Local Exchange Trading System (LETS), Timebanks, Berkshares, regional money in Germany and the Ithaca 'hours'.

Also the movie 'In Transition' contains an item on the introduction of local money, with an explanation by Oliver Dudok van Heel.

Why do these systems exist? Normal money is the same, right?

No. The main reason is that when you buy something for ordinary money, the money usually disappears right away from you. Because the retailer buys something from another region. That way you never get a strong region off the ground.

A second important advantage is that regional money is interest-free. According to economic thinkers like Willem Hoogendijk interest gives you a kind of urge to grow. And we want to get rid of that.

Interest-free regional initiatives are developed within, among other things Earth foundation and the Social Trade Organization (STRAW), both located in Utrecht. Below some more examples.

Money guaranteed

The Totnes Pound is a banknote backed by Sterling Pounds, the official currency of Great Britain. This means: for every Totnes Pound in circulation, there is one Sterling Pound in the safe. Suppose a retailer gets too many Totnes Pounds in his cash drawer, he may exchange them for Sterling Pounds. But it is much better to try and find a local alternative where the retailer can spend their Totnes Pounds. [Lake].

Interest-free regional money: the Gelre

A comparable system is the Regiogeld, which is becoming increasingly known in Gelderland via Gelre trade networks. The 'Gelre' is - like LETS - a form of 'complementary money': money that circulates alongside the (supra) national currency. Where LETS is mainly intended to promote a sense of community through mutual services in a non-commercial sense, the Gelre is a fully-fledged payment method. De Gelre is covered by euros and is exchangeable. Gelres are for sale at a number of distribution points and can be spent with a large number of participants. Entrepreneurs who earn more Gelres than they can spend can convert them back into euros. In addition, they pay a 'malus' of 5%. When you buy Gelres you receive a 5% bonus, which can be donated to a good cause. Associations and charities thus receive extra income. Individuals can thus support the charity of their choice free of charge.

LETS: Local Exchange and Trading System

The LETS systems known in the Netherlands do not use euros in the background. When you first buy something, you just get into the minus. To buy something you use a kind of check that is handed in and processed at the office. In the Netherlands there are several dozen LETS systems spread across the country. How does LETS work?
Nowadays you can also spend the LETS points from one local network with other networks. The prices of products and services often still resemble those of the prices in euros, even though the units are now called 'stars' or 'noppes'.
Overview of LETS groups in the Netherlands. Movie about LETS Maastricht. Movie about LETS Groningen.

Experimental systems

New ideas for alternative money systems are constantly emerging. Such as the foundation Ander Geld (including interest-free fund and Tijd voor Elkaar), or the LETS-swap shops in Rotterdam, among others.

A newcomer to the land of alternative money is the Color economy. There is no relationship whatsoever with the world of the old money: the colors of the color economy are linked to the real values of the product in terms of energy and recycling.

Of course you can also turn off any form of money or consideration, such as with Giveaway stores.

Solidarity Association is committed to a solidarity-based economy and the Project group Before the Change has collected a lot of information and organizes meetings about it regionalization as an alternative to neoliberal globalization.

Look for many more forms and backgrounds of local and regional money on the complementary economics homepage

Related articles and information:
-) Website
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In 2013, take back control over food, energy and money where possible and try to arrange this as close to home as possible. Independent or cozy with the neighborhood.


3 thoughts on “Transition Towns NL over Lokaal Geld”

  1. In het kader van lokaal geld.

    De Grieken hebben de Euro al gedumpt

    Een fascinerend artikel over hoeveel steden en gemeenschappen in Griekenland al zijn overgestapt van de Euro naar ruilhandel en andere alternatieve valuta’s. In het artikel is de stad Volos, 200 km ten noorden van Athene, met 170.000 inwoners uitgelicht als gevolg van de omvang van de alternatieve geldmarkt rond een lokale valuta met de naam “Tem”. 

    From the Guardian

    Het was een drukke dag op de markt in het centrum van Volos. Angeliki Ioanitou heeft een redelijke hoeveelheid olijfolie en zeep verkocht, terwijl haar vriendin Maria goede zaken heeft gedaan met haar verse taarten. 

    Maar geen enkele Euro is van hand gewisseld… 


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