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The Money Door Blog publishes useful content related to the Conscious Bookkeeping work. It's a community blog, made up of Conscious Bookkeeping collaborators and colleagues. We hope you enjoy it!

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Caroline Donahue, M.A.

Bari Tessler-Linden, M.A.

Founder of Conscious Bookkeeping

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Posted by: caroline

One of the most fascinating things that we covered in the Conscious Bookkeeping Level 1 Course was the idea of complementary currency. In fact, an idea that set me on fire was that the most healthy societies have both active currency, or money as we all know it, as well as complementary currency.

 Let's start at the beginning: what is complementary currency? It is defined as any currency that is regulated by those who participate iits exchange, rather than regulated by the government. In other words, it is a system of trade. These systems can become relatively complex, as in local currencies where you have special separate "dollars" that can be exchanged for services and goods within the community of participants. 

How does this support  a society? It keeps local businesses in contact and support oother. If any of you have started your own business, you'll know that there is a lot of benefit from trade to be had in the early stages. I have certainly used trade myself and know that Bari talks quite openly about loving trade as an option in her courses. 

Money is a system of exchange at its heart. It's energy. We have agreed to assign value to paper and use it to negotiate for services and goods among ourselves. When we have a separate system to allow us to creatively address needs that we have in our community, we increase the quality of life. This also allows us to meet needs that the government is missing. I love the story of how in Japan, people could accrue credit for medical care for their elderly parents by offering time in their own service to the complementary currency system. This is energy sharing that serves everyone. You help someone who needs it, and then your parent is able to get the health care he or she needs. 

In this way we are able to address more issues through money. This is not a judgment on standard currency, it is symply a system with limits, like any other. And as we are addressing the economy in this country, I am delighted to share perspective on ways to evolve that will protect and support us in the future. 

 Here are some resources for further reading:

Wikipedia on Complementary Currency.

Complementary Currency Resource Center

Blue Moon Fund: Article on impact of complementary currency in local communities.

Arthur Magazine: Panel discussion on comlementary currency.

Comments (4)Add Comment
0
Excellent Article
written by Mark Herpel, May 26, 2009
Caroline, this is an excellent article, I enjoyed it very much. Your insight into the nature of what CC can do for a community is very sharp. This statement, "When we have a separate system to allow us to creatively address needs that we have in our community, we increase the quality of life." is true indeed. Community exchange systems like LETS and Time Banks also deliver on what you mention in that statement. An alternative payment scheme for everyone in the local community can really boost the quality of life for residents and participants. There is a great short video on this here,
http://www.youtube.com/watch?v=-3kJ5QB6Htk

We have a new magazine also on Community Currency which comes out each month.

Cheers.
Mark Herpel
editor@ccmag.net
http://ccmag.net
0
community currencies
written by ernie yacub, May 27, 2009
great article on complementary currencies aka community currencies in our world - you may be interested in exploring community way, a self-financing development strategy for introducing community currencies to business by way of significant charity fundraising - for real world application, see http://cw.lets.net and/or follow along at http://twitter.com/cvcw

it may look complicated at first glance, but the core of the matter is quite simple - any community, network, association can create and manage their own community currencies just like egroups on yahoo and google.

best wishes
ernie yacub
ernie@openmoney.org
http://twitter.com/ernieyacub
0
...
written by Bari, May 27, 2009
Thanks Mark and Ernie for sending us and our readers some new resources to check out regarding complimentary currencies. I am a big fan of CC's and think its time has come - again! I will be writing about Bernard Lietaer's work in the next article. Stay tuned....

and thanks for being our first 'commentors'for our new blog.

Take Care,

Bari Tessler-Linden
Founder of Conscious Bookkeeping
68
Thank you!
written by Caroline Donahue, June 04, 2009
Thanks for the kind thoughts and added resources, everyone. Please keep your thoughts coming so we can continue to add valuable content for you!

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