24
Apr
2009
Local Communities Start Printing Own Currency
A few people have mentioned this to me; here’s a USA Today article (so it must be true):
A small but growing number of cash-strapped communities are printing their own money.
Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.
The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency.
I’m not really sure how to process this. I think it is just an elaborate form of coupon clipping, but it surprises me that it has taken off.
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