What Is Complementary Currency?

"Supplementary currency" usually refers to an agreement within the community to use something, sometimes working time as a payment method.

Supplementary currency

Right!

"Supplementary currency" usually refers to the use of something within a community, sometimes as working time

Also known as complementary currency

Usually it cannot replace the national currency, it can only be the supplementary form and subsidiary form of the national currency, and play the socio-economic function of the official currency that is not designed and not fully satisfied, but the two can be used at the same time. The supplementary currency is based on the residents' wishes in the community Spontaneously formed; more manifested

For example, someone provides a temporary currency voucher by providing social services, which can be retained for future use or transferred to others. The definition is very abstract, and may be better understood through an example: For example, a young person volunteers for 10 hours in a home , Get the "time voucher" for 10 hours. He can keep it until the old age, and can get 10 hours of service without using the "currency" in the ordinary sense; he can also transfer this "time voucher" to others-such as himself Parents who are already old-let them get 10 hours of service, such as Japan's Fureal Kippu.

So neither time nor service exists

When you shop in a store in Bavaria, Germany, someone may ask you the question: Do you pay with Chiemgauer or in Euros? "

. Chiemgauer is an alternative or community currency designed to provide income to non-profit organizations and encourage residents to buy local products and services. This currency is good for small businesses and non-profit organizations that have received 36,458 euros since the currency system was established in 2003. Chiemgauer is also a local supplementary currency in Germany. It can be exchanged with the Euro, but there are some special rules.