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Picture of that gives introduction of interest-free money in the various public
INTRODUCTION OF THE LOCAL OR REGIONAL MEDIUM OF EXCHANGE
From all experiments on an exchange of the goods and services by means of the interest-free
Money it is most known spent on island Vancouver in Canada Michael
- . The system of an exchange named LETS (local system of work and
Trade), works with units focused on ordinary dollars
Exchange, so-called "green dollars". Trading partners
Agree about the price for the goods and the services received from each other, in
Green or usual dollars, sometimes both in that, and in other, and after everyone
The transactions it or credits translate in the centralised computer
Service of conducting bills. At first for everyone it is established extremely
Admissible level of debts which later can be changed for
To reduce to a minimum risk for both participants of the transaction. Clearly that
The system that becomes more favourable, than it is more than parties in it participate. In 1987
In Canada was available about ten systems LETS, 10 more - in other countries
Problem within the limits of the given system is that the people who have hammered together
Too big it, are not interested in passing in
The order of those to whom, possibly, it is necessary more than they can take in
The credit, this "reliability of an exchange". It means that without payment collecting for
The reference here exists the tendency to stagnation.
In Switzerland with 30-to years the exchange ring nationally works,
Named WIR, with a turn of 1,5 billion Swiss francs. It is one of
Few gone right attempts of an interest-free exchange of the goods and services, which
The centralised control and the account it and credits. (*29) on the commercial
To base in the USA numerous similar exchange rings work.
In Denmark since 30th years and in Sweden since 60th years there is a system of banks ZRK
The certain period of accumulation without percent. As not all
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