Made in Germany | A Regional Currency



The Cherry Blossom,Plenty and Chiemgauer are just some of the names given to regional currencies that have seen a boom during the global financial crisis.The Chiemgauer,introduced in Bavaria's Chiemgau region five years ago,is the most successful in all of Europe.Many economists scoffed at or dismissed the Chiemgau's regional currency as a tourist gag. But now more than 600 companies use the currency to pay their bills. Regional curriencies help local businesses - not the international financial markets. Reporter Vanessa Fischer traveled to the town of Traunstein to find out what makes the Chiemgauer so attractive.

Comments

  1. but you can change them back to Euro before the demurrage, so you lose nothing. But the bank won;t have the funds right? STUPID! https://www.facebook.com/theqse/posts/10153755755320817
  2. but does it drive sustainability? see? Spend fast over long-termproduction?
  3. How is the Chimegauer issued and distributed into circulation?
  4. To hell with these depreciating paper credit-'money' boondoggles. The sustainable course is to re-establish trade in copper and silver coinage by standardized weight. Metals have no regional confines and inter-change with any government scrip is even cheaper too.
  5. The bill's worth is given by people's belief and that's valid for the Euro or the Dollar too. It's only that the use of the local currency doesn't come at a ridiculous cost due to interest and commissions and stuff. This is why it is more useful in a community and can bring out the best of it.
  6. What currency do you use? Gold?
  7. Wow exchanging worthless bills for other worthless bills, brilliant....NOT
  8. ... I don't understand - I thought that the Chimegauer was generated by people purchasing them with Euro at participating banks. The video implied that this came later.
  9. Having a currency monopoly like the Euro is against true free markets. Total liquidity is not everything... people should have the freedom to choose from a range of currencies as with anything in a free market.


Additional Information:

Visibility: 6660

Duration: 6m 27s

Rating: 41