Local currencies

Photo of local currency chiemgauerLocal currencies are currencies that circulate mostly locally and at a community level. They work as complementary to an official, legal currency. They are usually accepted by local traders of all kinds, and they give local residents an incentive to shop locally.

As a result, local currencies help a particular community or region strengthen and decarbonize its local economy. They help build community spirit while reducing people’s carbon footprint and improve local resilience.