Thursday, 28 October 2010

Monetary reform | the new economics foundation

Key facts

  1. 1
    Notes and coins now account for only 3% of total money supply, down from 50% in 1948.
  2. 2
    The BerkShare, the hard complementary currency of the Berkshire region of Massachusetts, USA, has a circulation of 2.2 million notes.
  3. 3
    In 2007, the commercial barter industry enabled trades worth more than US$10 billion and 400,000 businesses firms use the system.
  4. 4
    The UK has four hard complementary currencies in circulation, in Totnes, Lewes, Stroud and Brixton.