Local Currency and Bartering

Onion River Exchange: Community Time Bank
Onion River Exchange: Community Time Bank

When times get tough and cash becomes strapped, many turn to bartering – trading services and goods without the pesky dollar getting in the way. Not only does bartering and exchanging time strengthen the community, but it supports the local economy.

Bartering combined with local currencies or time banking can create a synergistic system that benefits businesses, increases value in local services and exchanges, and supports a stronger, more resilient economy. While the economic slump might be forcing more focus on these resources it is their inherit strengths that will keep them a part of the community long after the recession ends.

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