A local currency is a currency that can be spent in a particular geographical locality at participating organisations. Local currencies encourage and incentivise people to spend locally and support local retailers, local suppliers and jobs locally. Examples of local currencies include Berkshares in the US (https://www.berkshares.org); the Bristol Pound in England (https://bristolpound.org); Fair Money in Ireland (https://theplatform.ie/2020/06/22/fairmoney-ie-a-better-way-to-do-money/)
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