BERK-SHARE ALIKE.

The article reports on the local currency used by the residents of Berkshire County, Massachusetts. Berk-Shares, which have an identical value to dollars, aim to keep money circulating within the local economy. Because the exchange rate for one Berk-Share is 90 U.S. cents, the customer gets a 10% di...

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Detalles Bibliográficos
Publicado en:Ecologist Vol. 37; no. 3; p. 10
Formato: Artículo
Publicado: Resurgence Trust Apr2007
Materias:
Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:The article reports on the local currency used by the residents of Berkshire County, Massachusetts. Berk-Shares, which have an identical value to dollars, aim to keep money circulating within the local economy. Because the exchange rate for one Berk-Share is 90 U.S. cents, the customer gets a 10% discount on goods and services. This encourages them to shop in local stores that support the scheme. Berk-Shares can be exchanged for restaurant meals, cinema tickets, hotel rooms and ski-lift passes. The next stage of the project will see the installation of a Berk-Share automated teller machine.