What is a complementary currency?

Additional currency is a type of currency that can be used next to another currency, and this use is usually limited to certain geographical places. Usually this type of currency can be used in conjunction with and converted to a national currency, which is originally from the considered region. The purpose of the additional currency is not the usurp or the replacement of the use of the national currency, but to be used as a tool in supporting local economic growth or otherwise benefiting for a certain function or activity in this local area. Examples of this type of currency can be found in many countries around the world.

Unlike primary or national currency, additional currency is not intended for trade on the foreign exchange market and is usually not used as a means of payment for goods and services outside a closely defined area. There is no risk of replacing the national currency as the local currency is not accepted outside this limited area. Even then it is usually only for certain types of purchases. Outside this local area does not have a currency as a statutory salaryIdla A will be considered worthless in another environment.

The purpose of the supplementary currency is usually to provide means to strengthen a certain aspect of trade or quality of life within a particular geographical location. This type of currency can be used for certain types of purchases, such as obtaining goods for use in improving the road system, installing the water filtration system for community or even for the purchase of goods offered by local companies. This approach is sometimes used to strengthen the local economy or in some way strengthen the economic and environmental qualities of the area.

There are many examples of complementary currency around the world. In Canada, Toronto and Calgary Dollarse, they use locally next to the National Canadian dollar. Libra Brixton is also used locally and British pound. KW Cash is a form of additional currency that is accepted in certain communities in the state of Pennsylvania in the United States. PercussionLady of this type of currency is also used in parts of Spain, France and many other countries in Europe and Africa. While most of these alternative local currencies are structured as a type of local exchange system, additional currency can also be structured as part of the voucher system.