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Around economics, a local currency occurs as currency not backed by the national government, & arranged to trade lone within a little locality. These currencies come as well known as community currency. Complementary currency is a hyponym to local currency but a terms come typically utilized when equivalent word.

Advocates like Jane Jacobs argue that this enables an economically cool yet depressed vicinity to pull itself higher, by yielding the population residing there the medium of exchange that it may utilise to exchange services & locally-produced goods (Within a broader feel, this is the original purpose of 100% money.) Opponents of this concept argue that local currency creates the barrier which might interfere using economies of scale and comparative advantage, and that around a select few shells it could help as a means of tax evasion.

Local currencies can likewise inherit existence whilst there exists economic turmoil involving a national currency. An lesson of this is the Argentine economic crisis of 2002 in which IOUs issued by local governments quickly took on a few of the characteristics of local currencies.

Modern Local Currencies
Africa America Argentina Argentino Crédito LECOP Patacón Brazil Curitiba Bonus Sabre Canada USA Asia Japan Hureai kippu Eco-Money WAT System Hong Kong COME Europe France SEL - Système d’Echange Local Troc de Services Germany Berliner Chiemgauer Joytopia Tauschring Italy Banca del Tempo EcoAspromonte REL Rete di Economia Locale Simec Sistema di Reciprocità Indiretta Switzerland WIR UK LETS - Local Exchange Trading Systems Time bank Oceania Unclassified Flash Cash Green dollar Interdependant Occupational Unit Interser Ndajem-Wecco RGT - Red Global del Trueque ROCS - Robust Complementary Community Currency System RERS - Réseaux d’Echange Réciproque first state Savoirs Rumihuaico Salta Creditos Systèmes d’Echanges Communitares Thay Gerh Tianguis Tlaloc Toctiuco Tontines Yogyakarta System

Historical Local Currencies
Emperor Norton's own currency Prosperity Certificate WARA

BrisLETS
LETS in Brisbane, trading goods and services locally and with other recognised LETSystems.

LETS in Australia
Local Energy Trading Systems. A non profit, community focussed system for people trading goods and services using alternative currency. Includes a page of links to LETSystems.

EAGLETS Eastern Group of LETS
Provides a discussion of LETS as a new, more humanising kind of "money", and its relationship with the problem of the future of work.

SALETS
South Australia's LETSystem and Multi LETS Register.

Society: Organizations: Local Currency Systems