Approaches To Community Currencies

- August 20, 2010, 7:18 pm

There are many ways to approach issuing a community currency. It can have absolutely no intrinsic value or backing, it can be backed by the US Dollar, or it can be backed by a precious metal. Regardless of how it's issued or backed, the determining factor in making a currency work is that people agree to accept it at an agreed-upon value, called the currency value or face