Posts Tagged ‘legal tender’

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Qoin – money that matters

Money makes our world go around. Money is not given, but man made. We can reinvent and re-design it in a way that fits our purpose. Qoin introduces, implements, and manages professional Community Currencies throughout Europe. We assist authorities, SMEs and citizens to use Community Currencies to reach sustainable economic growth, ecological balance, and social progress. We do our work with a passionate team.

Money = man-made

Current legal tender currency systems are very strong in developing high profits and building a globalised society. However, they have proved less effective in supporting regional economic development, stimulating ecological policy goals and behaviours and encouraging an active civil society. The current economic and financial crisis faced by many regions in Europe calls for new arrangements for communities to remain or become resilient.

Community Currencies are social instruments

Community Currencies (‘complementary currencies’, ‘alternative currencies’ or ‘social currencies’), are as monetary instruments that develop and implement specific social, environmental and commercial objectives. Throughout history, both in concept and in practise, a large variety of Community Currencies can be found. It can be challenging to distinguish the many programs from one other, making it hard to understand the best use, setup and impact. Many currencies are used properly, but quit often this is not the case. In our ‘Body of Knowledge on Complementary Currencies’, we describe the set of most frequently used currencies and their impact. A key characteristic is that they all understand money as a socially and politically construction. Community Currencies offer a proven ‘toolbox’ for stimulating the creation of jobs at local level, re-localising production and consumption, supporting a vibrant SME (small and medium sized enterprise sector), building a strong and active civil society, stimulating innovation and the development of local solutions to global problems, e.g. oil-dependence.

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All the more reason to consider…

You are the bank