Star-2dwars-2darts-2ddesign-2d12.jpg (JPEG Image, 450x389 pixels) Berkshire Local Currency. Accounting Procedures for BerkShares Summary of Discussion November 21, 2006 (Updated on February 6, 2009) Berkshire South Community Center with Alan Glackman, C.P.A., P.C.
Robin Markey from Smith Watson & Company LLP. Local currency. See Emissions Reduction Currency System for community based initiatives aimed at emission reduction In economics, a local currency, in its common usage, is a currency not backed by a national government (and not necessarily legal tender), and intended to trade only in a small area.
As a tool of fiscal localism, local moneys can raise awareness of the state of the local economy, especially among those who may be unfamiliar or uncomfortable with traditional bartering. Wikipedia: LETS Local Exchange Trading. A local exchange trading system (also local employment and trading system or local energy transfer system; abbreviated to LETS or LETSystem) is a locally initiated, democratically organised, not-for-profit community enterprise that provides a community information service and record transactions of members exchanging goods and services by using the currency of locally created LETS Credits.[1] History[edit] Michael Linton originated the term "local exchange trading system" in 1983 and for a time ran the Comox Valley LETSystems in Courtenay, British Columbia.[2] The system he designed was intended as an adjunct to the national currency, rather than a replacement for it,[3] although there are examples of individuals who have managed to replace their use of national currency through inventive usage of LETS.
Ithaca Hours.