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Scrip is an alternative currency much like our community currency. Unlike coupons, which only give you a discount on purchases made with US currency, scrip has an inherent value and can be used on its own. During the Great Depression of the 1930s thousands of kinds of scrip were issued by merchants, municipalities, and even chambers of commerce. Scrip today is typically issued by a company as a tool for fundraisers: a non-profit or a school will purchase the scrip at less than face value, and then sell it to their supporters at face value, thereby making a small profit while encouraging their supporters to purchase from the company. | Scrip is an alternative currency much like our community currency. Unlike coupons, which only give you a discount on purchases made with US currency, scrip has an inherent value and can be used on its own. During the Great Depression of the 1930s thousands of kinds of scrip were issued by merchants, municipalities, and even chambers of commerce. Scrip today is typically issued by a company as a tool for fundraisers: a non-profit or a school will purchase the scrip at less than face value, and then sell it to their supporters at face value, thereby making a small profit while encouraging their supporters to purchase from the company. | ||
Community currencies similar to our Humboldt project can be found all over the US and | Community currencies similar to our Humboldt project can be found all over the US and the world. From Ithaca, NY to Tucson, AZ, and from Germany to Argentina, communities have benefited from a structure for exchange that prioritizes local [[sustainability]]. | ||
== FAQ #2 - Are There Other Local Currencies? == | == FAQ #2 - Are There Other Local Currencies? == |