Chiemgauer alternative currency like bitcoin
Chiemgauer is the name of a regional local currency chiemgauer alternative currency like bitcoin in in Prien am ChiemseeBavariaGermany. Named after the Chiemgaua region around the Chiemsee lake, it is intended to increase local employment, supporting local culture, and make the local food supply more resilient.
InChristian Gelleri, chiemgauer alternative currency like bitcoin high school teacher, started this project with his students, who are in charge of designing and printing vouchers and take care of administration, accounting, advertising, and other tasks. Chiemgauer is a member of a regional currencies' network called Regiogeld regiomoney chiemgauer alternative currency like bitcoin.
The Chiemgauer is intended for: Inan electronic form of the Chiemgauer, the "eChiemgauer", was established. Bank accounts are used for operations; this has been made possible through cooperation with cooperative and local banks. Only businesses and nonprofits need additional electronic accounts, while consumers have the possibility to use electronic cards called "Regiocard". Two-thirds of Chiemgauer turnover is electronic.
Chiemgauer use has grew, and can be found primarily in Bavaria between MunichGermanyand SalzburgAustria Germany, Austria, and Switzerland combined had 30 regional currency systems as of Chiemgauer, whose value is fixed to the eurocirculates as follows within the districts of Rosenheim and Traunstein: Bills of 1, 2, 5, 10, 20, and 50 Chiemgauer are issued.
This system, called demurrageis a form of currency circulation tax invented by Silvio Gesell. Because it loses value every quarter, users are incentivized to spend the money.
The quicker money is spent, the faster, in macroeconomic terms, its velocity. Gesell argued that a higher velocity of money helps combat deflation. There are different rules for nonprofits and businesses. From Wikipedia, the free encyclopedia.
Retrieved 10 February International Journal of Community Currency Research. Lietaer; Chiemgauer alternative currency like bitcoin Rogers The Promise of Regional Currencies. Social money for sound community developmen". Archived at the Wayback Machine. Retrieved chiemgauer alternative currency like bitcoin February Retrieved from " https: Local currencies Freiwirtschaft Currencies of Germany.
Webarchive template wayback links Infobox currency with an unlinked website. Views Read Edit View history. This page was last edited on 3 Aprilat By using this site, you agree to the Terms of Use and Privacy Policy. Prien am ChiemseeBavariaGermany. Velocity of moneyV.