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snopes
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Comment: I have heard there is a town in Texas that uses its own currency
and banking system. Is this true? Is the town not using Federal Reserve
notes? I can't find the town on any web site.

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JmD
I'm Dreaming of a White Sale


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There is a Town here in Nova Scotia called Mahone Bay and they have a $5 coin they call the "Mahoonie" which can only be used in the town.
Posts: 27 | From: Nova Scotia, Canada | Registered: Nov 2005  |  IP: Logged | Report this post to a moderator
Hero_Mike
Happy Holly Days


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I've been to many cities in the US where the local chamber of commerce sponsors a sort-of "barter system" where you can trade "Chamber Bucks" between participants. It's usually only good for services, and I've seen the "Chamber Bucks" used as gifts and rewards by employers (i.e. As employee of the week you get $25 "Chamber Bucks"), which you then have to spend in town. Probably happens in a lot of towns...

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Kathy B
Angels Wii Have Heard on High


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Ithaca, NY, has a local currency called Ithaca HOURs. The basic denomination is an hour's labor or $10. More than a C of C thing, the currency is backed by pledges from citizens and they system is run by a board of directors. Here's the history as described by the founder. It's been going since 1991.

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EthanMitchell
Deck the Malls


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There are thousands of local currencies in the U.S., structured in many different ways. Some of the systems are very small and restricted, and some are quite large. Some are put out by CoCs, others by businesses (think coupons and company scrip), still others by nonprofits, and a few by townships. Google "local currency" and you'll get tons of hits.
Posts: 330 | From: New Haven, VT | Registered: Sep 2005  |  IP: Logged | Report this post to a moderator
   

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