Talk:Local currency/Archive 1

No citations at all
I will get to work...soon.... Ethan Mitchell 19:14, 1 August 2006 (UTC)

ROCS error
I dont know how to fix this - but the link about the ROCS local currency leads to an article about Chineese Navy --Aryah 18:16, 9 September 2006 (UTC)

The Berliner bills
Can someone add this to the article please? --ChoChoPK (球球PK) (talk | contrib) 06:31, 26 February 2007 (UTC)

POV conflict here
This page only emphasises what happens if one small municipal community (such as Wörgl) introduces local currency. This is of course a far cry from examining what happens if all municipal communities would adopt their own currency, notwithstanding that this would of course effectively terminate the national currencies. In effect, the article relates that Wörgl trusted all the other municipals of Austria to withhold the standard of the national currency (Schilling) - and foreigners to believe that it had remained so. This is simply a confidence trick, as the emergence of a local currency had in fact turned the formerly all-Austrian Schilling into an "all-Austrian except Wörgl" currency, with a subsequent small debasement, which would have affected all Austrian citizens. The world was however not quick to realise this - and kept paying for the Schilling at its former rate! This confidence trick aspect must be integrated into the article, which currently suggests that local currencies could really solve problems. Sponsianus (talk) 20:21, 25 September 2009 (UTC)

How does a local currency come into existence?
I wanted to add a section to Fiat currency on the subject of Local Currencies, which I believe [ WP:OR!] are fiat currencies. I had hoped to find a section here, but was surprised to find none. I wonder if it is so obvious to those involved that it hasn't occurred to anyone to write it? Could someone rectify, please? --John Maynard Friedman (talk) 13:01, 28 October 2009 (UTC)

Lampedusa
BBC reported that citizens of Lampedusa responding to the 2013 Lampedusa migrant shipwreck are issuing their own local currency, exchangeable for Euros, as part of their efforts to accommodate surviving migrants. It will take some doing to find references, and I'm wondering if it's worth it.—Pawyilee (talk) 10:28, 10 November 2013 (UTC)

List of local currencies
The list is a bit of a mess. I'm thinking of making a main or perhaps a navbox. Thoughts? Cooperation? Anna Frodesiak (talk) 01:13, 27 September 2012 (UTC)

A bit of a mess to sort out first
The lead of this article is identical to Community currency. The acronyms all work, and seem okay, except auxiliary currencies, which redirects to Community currency. I don't want to monkey with this because I have a tiny brain when it comes to such concepts. But, I would like to sort it out because I'm ready to make a List of XXXX table format. Example of what I want to do:

Anna Frodesiak (talk) 01:33, 27 September 2012 (UTC)
 * I like the table idea, but is it really necessary to have separate columns for the location? (Region, nation, community). I think that should be a single column. bobrayner (talk) 08:21, 27 September 2012 (UTC)


 * I just thought for sortability it would be a good idea. I guess we could have a table for each continent, and two columns: nation and community. Thoughts? Anna Frodesiak (talk) 08:27, 27 September 2012 (UTC)
 * Well, putting things in national pigeonholes causes half the drama on wikipedia ;-) but if you're sure it's a good idea, I could live with it. bobrayner (talk) 09:06, 27 September 2012 (UTC)


 * That's a good point. Well, I don't know then. The table should be usable in a way that visitors want. That should be first and foremost. I can imagine visitors wanting to see what's available in their area. What do you suggest? Anna Frodesiak (talk) 09:11, 27 September 2012 (UTC)


 * I agree that this would be a useful addition and that it'd be useful to have separate columns to aid alphabetical sorting. Multiple details in a single column (or even the use of merged rows for tidiness) would preclude this. Following the current layout at #Modern local currencies would put Region, Nation, Community before the currency name itself, so it might be worth reconsidering the order. I think that start/end dates are a very useful addition, if available (but maybe "introduced/discontinued" would be more appropriate wording for the subject matter, if that doesn't make the columns too wide). Regarding WP:LISTN, turns up a few news references (I had to click on "Any time", as "Archives" was the default selection). Non-notable currencies being planned could also be included (maybe using pending), although probably not redlinked until they're notable. Just my 2p. -- Trevj (talk) 09:14, 27 September 2012 (UTC)

Could we try a two-column solution as a compromise? (Continent/region, specific location). If the list builds up any more I expect the examples we find could be a little unbalanced - many more in some parts of the world than others - so it's probably better to have a slightly loose definition of "continent" or whatever. Also, start/end dates would be nice but with many of these projects the date may not be clear (projects like this tend to die slowly rather than suddenly). Sorry, I'm distracting you with minutiæ... bobrayner (talk) 09:19, 27 September 2012 (UTC)
 * I'm unfamiliar with country-sorted lists, so am not too fussed on this, if others have good reasons for not having multiple columns. For the end dates, that's a good point - maybe if a currency is discontinued it can be stated in the Notes column instead. Finally, it might be worth waiting a while before compiling the list, in order to give further opportunity for others to comment. -- Trevj (talk) 09:24, 27 September 2012 (UTC)
 * Good thoughts. And, no hurry. This one needs lots of input before starting. Cheers, Anna Frodesiak (talk) 09:38, 27 September 2012 (UTC)
 * It could a good time to implement the table. A useful extra column would be the amount issued/ in circulation.  This Bank of England report has the figure for some of the UK currencies. Jonpatterns (talk) 12:33, 17 March 2014 (UTC)

Problematic edit
This edit, while not useless, is problematic because it changed an article about local currency into one that's about various things but gives first billing to the term Community Currency. The preceding revision, did not have this problem and was much clearer (though it contained less information).

EDIT: What's worse, there already is a community currency article, so why try turning this into one?

I'm not quite sure how to solve this. 31.18.251.194 (talk) 22:16, 21 December 2012 (UTC)
 * See discussion of merger below.Jonpatterns (talk) 12:33, 17 March 2014 (UTC)

Wörgl experiment
This article makes several references to something called the "Wörgl experiment" but nowhere in the article does it explain what this actually was! Leaving any casual reader somewhat baffled! it looks like this article has probably been butchered at some point leaving it totally incoherent. Could someone give it some proper attention? G-13114 (talk) 16:53, 17 January 2014 (UTC)
 * Agreed, a summary of the Wörgl experiment should be added. An article on the Wörgl experiment would be useful - at the moment all there is on Wikipedia a mention on the Wörgl page. Jonpatterns (talk) 12:20, 18 March 2014 (UTC)

Merge from Community currency
It has been suggested that Community currency be merged into Local currency. A lot of the content has been put into this article.

✅ Weak support - At the moment I can not think of any currency that is a community currency that isn't also a local currency - excluding online communities. The article suggest a common bond of local, membership or other. I suspect the term may be redundant. However, a mention should be made of the term if the merger goes ahead. Jonpatterns (talk) 12:23, 17 March 2014 (UTC)
 * I agree with Jonpatterns; at the moment they seem to be treated as near-synonyms. bobrayner (talk) 23:26, 18 March 2014 (UTC)

Separate list
The long list of all the local/community currencies would be better off as a separate article, as it makes navigating the article harder.Jonpatterns (talk) 18:06, 17 June 2015 (UTC)
 * I totally agree. Also the "external links" section must be reduced to the minimum and most of the links incorporated as citations. (KosMal (talk) 17:18, 12 August 2015 (UTC))

Criticism
Can we mention in criticism that:" One of the main problems with local currency is the lack of incentive for people to change in their regular currency (which is accepted internationally, all over the world) to local currency (which is only accepted in a certain region). "

I think that one way to fix the problem above is to make regular currency to local currency exchange rate lower than the value you end up when giving out the local currency. An example:

say you have 100 USD, and exchange it at the regular exchange rate, say 1000 Eco-Pesa. However, whereas for a same product in town (say hiring 1 labourer for 2 hours, you would normally pay 20 USD, you get the same service for say 150 Eco-Pesa (instead of 200 Eco-Pesa, when you were to calculate it out against the exchange rate). In such a case, when you hence have financial benefit on buying any service or product against lowered cost, there is a real incentive for people to change in their regular currency for local currency and actually start using it.

One other problem is the fact that some of these currencies do not have an actual bill, and rather it's just a system with a sort of prepaid card, or even using a type of account/profile via the internet. I also doubt whether there are actually watermarks, ... on the bills when they are being used. — Preceding unsigned comment added by 109.130.229.29 (talk) 07:41, 16 August 2015 (UTC)

Xovady (talk) 07:37, 16 August 2015 (UTC)

Merged Multi-registry System into Community Currency
I merged "Multi-registry System" into Community Currency. I also cleaned up and added references to the latter. But I have to stay, this Community Currency article is still pretty stubby, and that there seem to be a lot of overlapping articles covering these topics. There may be slight differences between the topics, but perhaps not enough to justify separate articles on all of them. To me, it seems reasonable to consider merging some or all of the following articles: Community currency, Local currency, Complementary currency, Alternative currency, Private currency, Local Exchange Trading System, Community Exchange System, and Time-based currency. Probably there are more, only I haven't found them yet. I'm thinking of starting by boldly merging Community Currency into this article, as discussed above. Person54 (talk) 15:34, 10 February 2017 (UTC) (edited)

Two more: Sectoral currency Fiscal localism. Person54 (talk) 16:07, 10 February 2017 (UTC)

Also: Regional currency, which is mentioned in the article. Person54 (talk) 16:23, 11 February 2017 (UTC)

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Merge from Community currency June 2015
A new article has been created at Community currency. I'm still not convinced a separate article is needed. However, better references would help clarify the situation. Also, see above. Jonpatterns (talk) 16:18, 17 June 2015 (UTC)


 * Interestingly, although the Bank of England uses the term 'local currency' in this report it references two sources about 'community currencies'. This leads me to believe the terms are synonymous. If so, one article would be enough, I'm neutral on whether it would be called 'Community currency' or 'Local currency'.Jonpatterns (talk) 18:06, 17 June 2015 (UTC)


 * Hi JonPatterns, it is true that there are a lot of articles on complementary currencies, however community and local currencies are not synonyms. A local currency is a type of community currency (please read the page 'community currency'). So local currency could be a subsection of the chapter 'community currency'. Please read the book 'People Powered Money' by Community Currencies for Action (written by various organisms such as the New Economics Foundation and funded by the EU) if you want to have more information on community currencies and why a community currency is not always a local currency while the opposite is true. Marie Ingrid Herman
 * There are no true synonyms. However, there is a substantial overlap in how these terms are used, in practice. I would favour consolidation, to avoid any confusion for readers. bobrayner (talk) 19:34, 10 July 2015 (UTC)

Basically acorrding to my mind this should be a discussion regarding the term "community". When the term "community currency" first used i suppose people had in mind a community based in a locality eg a municipality while nowdays there are exist also online communities with their own currencies eg bitcoin. See wikipedia's article on "community": [Although embodied or face-to-face communities are usually small, larger or more extended communities such as a national community, international community and virtual community are also studied.] In this sense i suggest the two articles should not be merged. I suppose that "local-communities currencies" came before the "online-communities currencies". Although i'm old styled and for me community is always localy based keeping in mind the online communities of today i suggest the merge should not take place but must be crystal clear in both articles what kind of "community" definition is used. (KosMal (talk) 17:15, 12 August 2015 (UTC))

I would also propose merging this page with Local Exchange Trading System page, they are both basically serving a very similar content. Brozkeff (talk) 23:44, 11 October 2016 (UTC)
 * Closing, given lack of a clear consensus, and now stale for more than a year (and the last supportive comment on the specifical merge proposed was against). Klbrain (talk) 13:54, 31 October 2017 (UTC)

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The list of local currencies should be deleted
This list consists mainly of wp:primary sourced citations, if any. None are obviously notable. The list doesn't help the article, if anything it suggests that the topic is not credible. I propose to delete it unless someone has a good counterargument. --John Maynard Friedman (talk) 12:15, 27 November 2018 (UTC)
 * I have now tagged this section with appropriate warning templates. Unless a counterargument is presented, I will delete all material...


 * with no citation, by the end of December 2018
 * with an archived primary citation, by end January 2019
 * with only a primary citation, by end March 2019.
 * Comments welcome. --John Maynard Friedman (talk) 11:14, 13 December 2018 (UTC)

Misleading Sentence
From the first paragraph of the article...

The currency may not be backed by a national government or be legal tender in the UK.[2]

From me...

This sentence is misleading. It makes it seem as if local currencies are only a thing in the UK, when, in fact, local currencies exist in many nations around the world, with varying degrees of legality or lack of legality. And, the very next sentence in that paragraph contradicts the misleading aspect of that sentence...

About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database.[3] Thibeinn (talk) 02:54, 25 August 2020 (UTC)
 * I agree and have revised. If you still have concerns, why not revise it further yourself? --John Maynard Friedman (talk) 08:49, 25 August 2020 (UTC)