{"id":5030,"date":"2014-12-16T21:40:08","date_gmt":"2014-12-16T20:40:08","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=5030"},"modified":"2014-12-16T21:40:08","modified_gmt":"2014-12-16T20:40:08","slug":"community-currencies","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=5030","title":{"rendered":"Community currencies"},"content":{"rendered":"

\"bristol-pound-300x154\"<\/a>Community currencies (or local currencies as we called them) are something we covered in our book<\/a>.\u00a0 We wrote<\/p>\n

“The idea behind a local currency (technically speaking, a voucher for legal reasons) is to help build a vibrant local economy, keep money circulating within the area and stop it ending up in the bank accounts of large corporations. Rob Hopkins uses the image <\/em>of money leaking out of a community like holes in a bucket, but the local currency won\u2019t fit through the holes. In the designated area pounds sterling can be exchanged for the local currency, usually at a rate of 1:1. Shops and businesses in this area can opt to accept<\/em> payment with the local currency – and give it out as change.<\/em>”<\/p>\n

The biggest of the community currencies is the Bristol pound<\/a>.\u00a0 Launched in 2012 it seems to be pretty successful.\u00a0 About 600 businesses accept it and it can be used to pay local taxes.\u00a0 In theory almost half a million people could use it.\u00a0\u00a0 This week the Community Currency Knowledge Gateway<\/a> has been launched by the New Economics Foundation<\/a>.\u00a0 Its meant to be a comprehensive guide for those interested in setting up their own community currencies.\u00a0 In continuing hard times there has never been a more pressing need for community currencies.<\/p>\n

Neil<\/p>\n","protected":false},"excerpt":{"rendered":"

Community currencies (or local currencies as we called them) are something we covered in our book.\u00a0 We wrote “The idea behind a local currency (technically speaking, a voucher for legal reasons) is to help build a vibrant local economy, keep … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[20,15,16],"tags":[68,272],"class_list":["post-5030","post","type-post","status-publish","format-standard","hentry","category-economics","category-practical-low-carbon-living","category-transition","tag-community-currencies","tag-transition"],"yoast_head":"\nCommunity currencies - The oil lamp - shining God's light on peak oil<\/title>\n<meta name=\"description\" content=\"Community currencies (or local currencies as we called them) are something we covered in our book.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theoillamp.co.uk\/?p=5030\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=5030\",\"url\":\"https:\/\/www.theoillamp.co.uk\/?p=5030\",\"name\":\"Community currencies - 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