Communities around the world are experimenting with local currencies to strengthen common resources, improve commerce, and build resilience.
New York, New York
Paying It Forward
Tackling Climate Change
Building Local Businesses
Making Everyone Count
The Example of Ghent
A local coin reveals the transformative influence of a complementary currency
Rabot was a bustling industrial district of Ghent. When manufacturing jobs began to disappear, Rabot plunged into deprivation, deeply scarred by poverty, gang violence, and crime. Rather than expand its welfare programs, the City of Ghent issued a local currency called Torekes. Residents could earn Torekes by “volunteering” to help clean up the neighborhood and convert once industrial land into community gardens. They could spend their Torekes to rent personal plots of garden space to grow their own food.
Within months, the district began to rebound. People connected. Gangs dissolved. Crime dropped. Local businesses began to thrive. PolyMoney’s first board game was created to convey the inspiring transformation of Rabot. The chart below shows the progress of PolyMoney since developing that very first board game.
For more information about Ghent, see this article, or watch the video below (not in English).
Rue Valentin 34
Lausanne, Switzerland 1004