complementry currency pilot for the benifit of partner cities' residents
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GLOCAL – CITYZEN
Complementary Currency
For
Twin Cities
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Expanding Local Well Being and Resources -
Complementary Currency
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Examples
From the
World
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Municipal solution to the Big recession in Austria
AUSTRIA
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SME Business 2 Business Network
Switzerland’s Wir cooperative bank is a Successful Credit
Clearing Association it is called “the granddaddy of complementary
currencies”. Since its creation in 1934, the co-op has experienced greater-than-average activity and growth in periods of economic downturn, demonstrating that it helps stabilize the Swiss economy.
The WIR bank is a not for profit bank. It serves the interest of the clients, not the bank itself. It is a very stable system, not prone to failure as the current banking system is. It remains fully operational even in times of general economic crisis.
The existence of a bank building and six impressive WIR-owned regional offices, as well as the following comparison of data speak for themselves.
The membership, at first was completely open, but later it was restricted in order to build solidarity among the “entrepreneurial middle-class.”
Although WIR started with only 16 members, it has grown rapidly…
1973 1993
Number of Participants 20,402 members 76,618 members
Turnover – In Swiss francs 196 million 2.521 billion
Balance – In Swiss francs 83 million 1.028 billion
SWITZERLAND - Wir cooperative bank
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OTHER CITIES LIKE LONDON ARE
ALREADY IN THE GAME…UK
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In upstate New York, Ithaca dollars pay rent, buy
groceries & health club memberships. USA
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Regional Currency / Regional Pointin Yamato City
Eco Money
Fureai Ticket
Ithaca Hours
Due Bill
LETS
Mall Point
(1)(2)
(3)
(4)Interchanges between:
1) local currencies
2) Citizens
3) citizens & regional currency
4) inside a regional currency
Yamato “Loves” (Local Value Exchange) currency
Integrated regional systems (Yamato City, Germany)
GERMANY
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BALI
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GREECE - Volos
• In Volos – Greece during the crises, the shops were full of products but people didn’t have money so resource exchange was slowed down and growing unemployment followed up and led to poverty
• The money that originally was created to make trade more efficient became part of the problem…no money – no Trade…and the results are great suffering …
• until the local people of Volos invented a local currency named TEM. The results were outstanding:
The community decides the roles and management in a democratic way so people and businesses started using it and accelerated the resource exchange and prosperity in the town of Thousands of people.
http://www.youtube.com/watch?v=9y9R0v96K48
BBC Report in YOUTUBE
11
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JAPAN - Fureai Kippu
• The Fureai Kippu was invented in Japan to address the Social
need of graceful service for old people who live in the area serve
the elderly and receive credits that serve their elderly needs
even if they live far away…over 60,000 people use this system.
INTERVIEW about Fureai Kippu http://www.youtube.com/watch?v=_xmyM_uNXkU
Pension in the future is not certain http://www.youtube.com/watch?v=0eLdNHIddMk12
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BELGIUM - Ghent
From Poverty to Prosperity Turning the poorest neighborhood in Ghent - Belgium into a beautiful integrated community that after 2
years became attractive not only to the people who
live there but even for Real Estate investors…
1st generation immigrants with 20 different languages
Majority of Turks & high rate of unemployment.
When people were asked what they are missing
the most in their life they said:
gardens with flowers, vegetables & fruit trees…
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Winds of change:
� Global Community with common
denominator
� Limited resources
� Untapped pool of resources at the community level
� Emerging collaborative consumption and interaction
• The Concept
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� Municipality Development Tool
� Touristic Planning Tool
� Business Empowerment
� Development of Cultural , Artistic and Social Relations
• The Benefits
• The Concept
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• The Benefits GLOCAL
–
CITYZEN
Twin Cities
Tourists
Residents
• The Concept
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How will it Work ?
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In Frankfurt
i
Frank from
Frankfurt
I would like to go
on a
holiday
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In Tel Aviv
i
Tami from Tel Aviv
Promote ecological meals
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Frank from
Frankfurt
I would like to go
on a
holiday
WHAT CAN TEL AVIV DO TO GET FRANK
HERE AND PROMOTE TAMI?
• How will it Work?
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Frank from
Frankfurt
I would like to go
on a
holiday
WHAT CAN TEL AVIV DO TO GET FRANK
HERE AND PROMOTE TAMI?
• How will it Work?
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Tel Aviv accepts Glocal currency for:
Bikes
Market spot
Ad space at the Municipal site
Beach chairs
………
Promote ecological meals
Benefits for TAMI
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MEAL AT
TAMI’S
BEACH CHAIR
BIKE
Benefits for FRANK
Tel Aviv distributes 100 coins per tourist from Frankfurt
Frankfurt distributes Glocalfor:
Community Gardening
Reading to the blind
Bike patrol
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� The municipalities can promote their agenda
� The residents utilize their skills and time
� Social interaction expands
� Enhanced tourist experience
� More Wellbeing
• The Benefits
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Who GAINS?
Everyone
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The Municipality Gains
By:
� Promoting their agenda
� Developing areas in need
� Developing economical projects
� Planning cultural events
� Sales & marketing
� Unifying resources
• The Concept
• Who Gains ?
• The Benefits
• How will it Work?
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The Business Gain
By:
� Platform for developing their business
� Efficient marketing
� Targeted customers
� Low cost
• The Concept
• Who Gains ?
• The Benefits
• How will it Work?
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The Residence Gain
� A new touristic platform that breaks conventional boundaries and helps meet
new people
new cultures
in new ways
• The Concept
• Who Gains ?
• The Benefits
• How will it Work?
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Demo
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Summary
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We ,
the policy makers in twin cities,
have the ability to
give each cityZen
the ZEN feeling,
by creating the common value between
the Global
and
the Local
• Summary
• The Concept
• Who Gains ?
• The Benefits
• How will it Work?